NCLT JUDGEMENT ON SECTION 5(8), 7, 9, 10, 12(A), 60(5) OF THE INSOLVENCY AND BANKRUPTCY CODE, 2016 AND REGULATION 30(A)(4), 30(A)(5) INSOLVENCY AND BANKRUPTCY BOARD OF INDIA (INSOLVENCY RESOLUTION PROCESS FOR CORPORATE PERSONS) REGULATIONS, 2016
NAME MOBILE NO. E-MAIL I’D RANJEET KUMAR 8383098478 , 9667769795 rk@courtkutchehry.com JAI THAKUR 8130703334 , 9355723300 jai.thakur@courtkutchehry.com RAJEEV RANJAN 9334553249 rajiv.ranjan@courtkutchehry.com ASHOK MISHRA 9718327746 sales@courtkutchehry.com RAVI KUMAR ravi.singh@courtkutchehry.com Piyush Patel Vs. Sunil Kumar Agarwal (Irp) And Ors, (2020) 07 NCLT CK 0069 NCLT allowed the application filed by the Applicant, under section 60(5) of the IB Code. While allowing the application NCLT held that "By relying on the Judgments of this Appellate Tribunal, we are of the view that the Appellant, who claims to be a Financial Creditor, however, claims made by it, is not a Financial Debt, it is reiterated that in the marketing agreements and subsequent correspondent exchanged between the Appellant and the Respondent, no way it is mentioned that the amount paid by the Appellant to be repayable along with in...