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Transferred Winding-Up Proceedings Cannot Bypass IBC Threshold Requirements: NCLAT
Case Law Details
- Case Name
- Aidem Ventures Pvt. Ltd Vs Skyline Radio Network Ltd. (NCLAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- NCLAT
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Aidem Ventures Pvt. Ltd Vs Skyline Radio Network Ltd. (NCLAT Delhi)
The appeals arose from a common judgment dated 13.02.2026 passed by the National Company Law Tribunal (NCLT), Principal Bench, New Delhi, whereby three petitions filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) were rejected. The petitions had originated as winding-up proceedings filed before the Delhi High Court under Sections 433, 434 and 439 of the Companies Act, 1956.
The appellant had entered into agreements dated 22.04.2010 with three companies, under which it was appointed as the exclusive represe...
