NCLT dismisses application u/s 9 filed by Managing Director of a Corporate Debtor for initiating CIRP against the Corporate Debtor – Anup Jhunjhunwal Vs. Adea Powerquips Pvt. Ltd. – NCLT Kolkata Bench

The Adjudicating Authority relied on the judgment of Hon’ble Supreme Court in the matter of Mobilox judgment and hedl that there has been a pre-existing dispute in the matter and therefore C.P (IB) No. 2058/KB/2029 is rejected. Needless to say that the Operational Creditor is at liberty to resort to other remedies that may be available to it under any other law.

NCLT dismisses application u/s 9 filed by Managing Director of a Corporate Debtor for initiating CIRP against the Corporate Debtor – Anup Jhunjhunwal Vs. Adea Powerquips Pvt. Ltd. – NCLT Kolkata Bench Read Post »