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Application u/s. 9 of IBC, 2016 rejected due to pre-existing dispute

Case Law Details

Case Name
JHS Svendgaard Limited Vs HT Media Limited (NCLT Delhi)
Date of Judgement/Order
Only available for paid members
Courts
NCLT
Table of Contents▸ JHS Svendgaard Limited Vs HT Media Limited (NCLT Delhi) Advertisement JHS Svendgaard Limited Vs HT Media Limited (NCLT Delhi) NCLT Delhi held that this Adjudicating Authority is not a dispute redressal forum. Accordingly, so long as a dispute truly exists in fact and is not spurious, hypothetical and illusory, the adjudicating authority has to reject the application u/s. 9 of the Insolvency and Bankruptcy Code, 2016 Facts- M/s. JHS Svendgaard Laboratories Limited (`Applicant/Operational Creditor’) has filed the present Petition under Section 9 of the Insolv...
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