Do NCLT and NCLAT possess jurisdiction under the IBC to adjudicate on a contractual dispute between the appellant and the Corporate Debtor?
Last updated: 17 March 2021
Court :
Supreme Court of India
Brief :
By its judgment dated 29 August 2019, the National Company Law Tribunal stayed the termination by the appellant of its Power Purchase Agreement with Astonfield Solar (Gujarat) Private Limited . The order of the NCLT was passed in applications4 moved by the Resolution Professional of the Corporate Debtor and Exim Bank under Section 60 of the Insolvency and Bankruptcy Code, 20167 . On 15 October 2019, the NCLAT dismissed the appeal by the appellant under Section 61 of the IBC. The decision by the NCLAT is called into question.
Citation :
Civil Appeal No. 9241 of 2019
You have reached daily limit of 2 Free Judgements. To view this or other Judgements please subscribe to CCI PRO :
Stay updated! Stay ads free
Browse CAclubindia ads free.
Latest updates on WA.
Daily E-Newsletter and much more.
CCI PRO annual subscription :
Original Price : INR 2999/-
Offer Price : INR 1999/-
Duration : 1 year
(Prices Inclusive of GST)
Know More
Note: If you are a PRO member already, please click here to login (for ad free experience)
Comments
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
