Explanation u/s 14(1)(d) of IBC doesn’t apply to lease premium amount and lease rent

Sunil Kumar Agrawal Vs New Okhla Industrial Development Authority (NCLAT Delhi) NCLAT Delhi held that explanation under section 14(1)(d) of the Insolvency and Bankruptcy Code, 2016 (IBC) doesn’t apply to lease premium amount and lease rent. Facts- This appeal is directed against the order dated 12.04.2022 by which an application bearing (IB) 1896 (ND)/2019, filed under Section 60(5)(c) of the Insolvency and Bankruptcy Code, 2016 (in short ‘Code’) & Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulation, 2016 (in short ‘Regulationsâ...