Breach of Settlement Agreement terms Not A Ground to Trigger CIRP

Bajaj Rubber Company Private Limited Vs Saraswati Timber Private Limited (NCLT Delhi)

NCLT held that breach of the terms and conditions of payment according to a Settlement Agreement does not come under the purview of the Operational Debt as defined under the IBC, 2016 and it cannot be a ground to trigger CIRP against the Corporate Debtor.

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