CIRP based on default falling within prohibited period u/s. 10A of IBC not maintainable

Royal Construction Vs Gannon Dunkerley & Company Limited (NCLAT Delhi) NCLAT Delhi held that no default falling within the prohibited period of Section 10A of the Insolvency and Bankruptcy Code can form basis for initiating CIRP. Accordingly, section 9 application rightly rejected. Facts- The present appeal filed under Section 61 of Insolvency and Bankruptcy Code 2016 by the Appellant arises out of the Order dated 13.01.2025 passed by the Adjudicating Authority (National Company Law Tribunal, Mumbai Bench). By the impugned order, the Adjudicating Authority has dismissed the Section 9 appli...