Invoices covered u/s. 10A to be excluded while analysing application u/s. 9 of IBC: NCLT Delhi

Decor Paper Mills Ltd. Vs Mahashakti Plasto Pvt. Ltd. (NCLAT Delhi)

NCLT Delhi held that admissible of application under section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) not justified since invoices covered under section 10A has to be excluded and accordingly amount claimed will be less than threshold limit of Rs. 1 Crore.

Facts- This Appeal has been filed against order passed by the Adjudicating Authority dated 06.09.2024 rejecting Section 9 application filed by the Appellant. The Adjudicating Authority by the impugned order has held that the amo

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