No authorized correspondence stated settlement of cost incurred against license fee payable to Corporate Debtor

Wakai Hospitality Private Limited Vs Palak Desai (NCLAT Delhi) NCLAT Delhi held that no authorized correspondence brought on record which states that there was agreement between appellant and corporate debtor to cost incurred by appellant would be settled against license fee payable to Corporate Debtor. Thus, argument of appellant rejected. Facts- The present appeal has been filed by the Appellant i.e. Wakai Hospitality Pvt. Ltd. under Section 61 of the Insolvency and Bankruptcy Code, 2016 (Code), challenging the Impugned Order dated 29.02.2024 passed by the National Company Law Tribunal, Mumb...