Dispute under IBC Code Must be Truly Exist in Facts

Vishal Vijay Kalantri Vs DBM Geotechnics & constructions PVT. LTD. & Anr. (Supreme court)

The Supreme Court has reiterated that ‘dispute’ for the purpose of Section 8 of the Insolvency and Bankruptcy Code must be truly exist in the facts Only spurious, hypothetical and illusory basis Not Justified.

FULL TEXT OF THE SUPREME COURT JUDGEMENT

This appeal under Section 62 of the Insolvency and Bankruptcy Code, 2016 (I.B. code, for short) is directed against the order dated 12.03.2020 passed by the National Company Law Appellate Tribunal, New Delhi (for short “NCLAT”) in Company Appeal (AT) (Insolvency) No.139 of 2018.

Please become a Premium member. If you are already a Premium member, login here to access the full content.