NCLT Dismisses Relicab Cable Insolvency Petition

NCLT Ahmedabad dismisses PM Copper Wire's Section 9 insolvency petition against Relicab Cable Manufacturing Limited.
Petition dismissed as operational debt of USD 123,597.38, converted at 2019 invoice date rate, falls below ₹1 crore threshold.
Tribunal rules foreign currency debt conversion for Section 4 threshold must use invoice date rate, not subsequent dates.
Corporate Debtor's objections on limitation and maintainability noted, but dismissal is solely on jurisdictional threshold grounds.