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Application u/s. 9 of IBC, 2016 rejected due to pre-existing dispute
Case Law Details
- Case Name
- JHS Svendgaard Limited Vs HT Media Limited (NCLT Delhi)
- Appeal Number
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- NCLT
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JHS Svendgaard Limited Vs HT Media Limited (NCLT Delhi)
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JHS Svendgaard Limited Vs HT Media Limited (NCLT Delhi)
NCLT Delhi held that this Adjudicating Authority is not a dispute redressal forum. Accordingly, so long as a dispute truly exists in fact and is not spurious, hypothetical and illusory, the adjudicating authority has to reject the application u/s. 9 of the Insolvency and Bankruptcy Code, 2016
Facts- M/s. JHS Svendgaard Laboratories Limited (`Applicant/Operational Creditor’) has filed the present Petition under Section 9 of the Insolv...






