NCLT Hyderabad dismissed Shakti International LLP's Section 9 insolvency petition against Steel Exchange India Ltd.
Petition sought CIRP initiation over disputed delayed charges claim of ₹162.57 crore from steel supply contracts.
Tribunal found claim was subject to a bona fide pre-existing dispute and was not a crystallized operational debt.
Operational Creditor retains liberty to pursue recovery through other legal remedies outside IBC.