Application u/s. 9 of IBC dismissed as debt fell within 10A restricted period

VPR Mining Private Ltd Vs Gajraj Mining Private Limited (NCLAT Delhi)

NCLAT Delhi held that application under section 9 of the Insolvency and Bankruptcy Code rightly dismissed as debt fell within restricted period under section 10A. accordingly, order of Adjudicating Authority upheld.

Facts- The present Company Appeal (AT) (Ins) No. 1546 of 2024 has been filed by the Appellant i.e. M/s VPR Mining Private Ltd., who is the Operational Creditor, under Section 61 of the Insolvency and Bankruptcy Code, 2016, challenging the Impugned Order dated 05.04.2024 passed

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