Form-B under CIRP regulations permits set-off of mutual dealing between Corporate Debtor and creditor

CNH Industries (India) Private Limited Vs SREI Equipment Finance Limited & Anr (NCLAT Delhi) NCLAT Delhi held that Form-B under CIRP Regulations, 2016 contemplates specifically permits set-off mutual credit, mutual debts, or mutual dealings between the Corporate Debtor and Creditor. Accordingly, appeal disposed of. Facts- This Appeal has been filed by the Appellant Operational Creditor of the Corporate Debtor– SREI Infrastructure Finance Ltd. challenging the order dated 11.08.2023 passed by National Company Law Tribunal, Kolkata Bench, Court-1, deciding various applications, including t...