The National Company Law Appellate Tribunal (NCLAT) has stayed an order of the National Company Law Tribunal (NCLT) dismissing an insolvency petition filed against a company. Background: The petition was filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by an operational creditor seeking to initiate corporate insolvency resolution process against the company. Parties: The appellant was an operational creditor who had supplied goods to the company, while the respondent was the company itself. Legal issues: The key issue before the NCLAT was whether the NCLT had erred in dismissing the insolvency petition. Court observations: The NCLAT observed that the NCLT had failed to consider certain crucial evidence and that the order was therefore liable to be stayed. Significance: The order highlights the importance of considering all relevant evidence while deciding insolvency petitions.