Section 10A of IBC inapplicable when date of default predates moratorium period

Puneet P. Bhatia Vs ASREC (India) Ltd. (NCLAT Delhi) NCLAT Delhi held that protection available under section 10A of the IBC not available since the date of default predates the moratorium period. Further, appellant failed to provide evidence that directly links the default to the impact of pandemic. Facts- This appeal arises from an order dated 09.01.2024 by the National Company Law Tribunal (NCLT), Mumbai Bench-I. The Appellant, Mr. Puneet P. Bhatia, a suspended director of Barracks Retail India Pvt. Ltd., the Corporate Debtor, has challenged the Adjudicating Authority’s decision to admit ...