The mandate with requirement of obtaining of 90% of approval votes of CoC under Section 12A of IBC is not required if an application for withdrawal have already being filed before the constitution of CoC – Punjab National Bank Vs. Mr. Harshad S Deshpande, RP – NCLT Mumbai Bench

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Lease rentals arising out of use and occupation of a cold storage unit which is for Commercial Purpose is an Operational Debt as envisaged under Section 5(21) of the Code – Anup Sushil Dubey Suspended Board Member Umarai Worldwide (P) Ltd Vs. National Agriculture Co-operative Marketing Federation of India Ltd. – NCLAT New Delhi

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