NCLT Indore Bench dismisses Section 7 IBC petition filed by Shantanu Gupta against Sansar Health Resorts Pvt Ltd.
Tribunal finds the insolvency process is being misused for debt recovery amid ongoing family disputes and oppression proceedings.
Loan of ₹1.10 crore advanced on 29.03.2025 was not repaid, but transaction validity is challenged in separate company petition.
Court cites Supreme Court precedents that IBC is not a recovery tool for solvent companies with disputed transactions.