NCLT Admits Insolvency Petition Against Inditrade Capital

NCLT Kochi admits Section 9 insolvency petition against Inditrade Capital Ltd for default on ₹3.58 crore operational debt.
Petitioner Phasorz Technologies invoked corporate guarantee after principal debtor Inditrade Business Consultants failed to refund advance commission.
Tribunal rejects respondent's maintainability objections, ruling guarantee liability constitutes operational debt under IBC.
IRP appointed and moratorium declared; petitioner directed to deposit ₹2 lakh for CIRP expenses.