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Premium amount or lease rent is not part of section 14(1)(d) of IBC: NCLAT Delhi
Case Law Details
- Case Name
- Sunil Kumar Agarwal & Anr. Vs Anand Sonbhadra (NCLAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- NCLAT
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Sunil Kumar Agarwal & Anr. Vs Anand Sonbhadra (NCLAT Delhi)
NCLAT Delhi held that explanation is not applicable because the premium amount or lease rent is not part of Section 14(1)(d) of the Insolvency and Bankruptcy Code, 2016. Thus, appeal is allowed and order is set aside.
Facts- M/s Concord Infrastructure Pvt. Ltd. (Operational Creditor) filed an application u/s. 9 of the Insolvency and Bankruptcy Code, 2016 before the Adjudicating Authority against M/s Shubhkamna Buildtech Pvt. Ltd. (Corporate Debtor) which was admitted on 26.11.2018.
The resolution plan submitted by...
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