NCLT JUDGEMENT ON SECTION 3(11), 3(12), 5(21), 7, 8(1), 8(2), 9 OF THE INSOLVENCY AND BANKRUPTCY CODE, 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 Brand Realty Services Ltd Vs. John Bakeries India Pvt. Ltd,(2020) 07 NCLT CK 0086 NCLT dismissed the application filed by the applicant under Section 9 of the Insolvency & Bankruptcy Code, 2016, (hereinafter referred to as the "Code") read with Rule 6 of the IBC, 2016 initiate corporate insolvency resolution process in respect of Corporate Debtor. While dismissing the application NCLT held that in the light of that facts, when we shall consider the case in hand then we find that the settlement agreement on the basis of which the present application is filed by the applicant does not come under the definition of o...