Plaint Rejected: NCLT, Not Civil Court, Has Jurisdiction over Debt & Fraud: Delhi HC

Roseland Buildtech Pvt. Ltd Vs Vihaan 43 Reality Pvt Ltd (Delhi High Court) Delhi High Court held that issues relating to debt and fraud is within the jurisdiction of NCLT to be determined in accordance with IBC. Resultantly, the power of a civil court to entertain the present suit is, therefore, statutorily barred. Accordingly, the plaint is rejected. Facts- The plaintiff/corporate debtor has filed this suit being aggrieved by the act of defendant no. 1/financial creditor filing a petition against the plaintiff, under Section 7 of the Insolvency and Bankruptcy Code, 2016, before the National...