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Application u/s. 7 of IBC admissible when default date is prior to section 10A period

Case Law Details

Case Name
Mobile Constructions Private Limited Vs Apple Land Development Private Limited (NCLAT Delhi)
Date of Judgement/Order
Only available for paid members
Courts
NCLAT
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Mobile Constructions Private Limited Vs Apple Land Development Private Limited (NCLAT Delhi) NCLAT Delhi held that application under section 7 of the Insolvency and Bankruptcy Code, 2016 [IBC] admissible since date of default is much prior to section 10A period. Accordingly, appellant cannot be barred u/s. 10A to file proceedings under Section 7. Facts- This is an Appeal under Section 61 of the Insolvency and Bankruptcy Code, 2016 against the dismissal of the Company Petition by which the Adjudicating Authority has dismissed the Section 7 Petition. The only issue before us is whether the Adjud...
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