Draft MOU: No Proof of Joint Venture vs. Corporate Debtor Relationship

Arunkumar Jayantilal Muchhala Vs Awaita Properties Pvt. Ltd. (NCLAT Delhi)

From the said material placed on record, it is clear that the alleged MOU entered between SKIL and the Corporate Debtor was merely a draft MOU and there is nothing to evidence that the same was signed, executed or acted upon between them. In any case, prima facie, there is nothing to show that the Respondent No. 1 was a party or signatory to the said MOU or remotely connected to this MOU. We also cannot choose to ignore that at no point of time has Respondent No. 1 admitted any k

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