Sidfwandan Finance Ltd. appeals NCLT order dismissing its Section 7 IBC petition against Adonia Systems.
NCLT dismissed petition on grounds that disputed amount was not a financial debt but part of sale transaction.
Appellant claims debt is loan evidenced by TDS certificates, NeSL records, and interest payments from respondent.
NCLAT issues notice, directs respondent to file reply within four weeks, lists next hearing for September 2026.