IBC Section 7 application not maintainable in case of lack of documents

Gateway Offshore Private Limited Vs Runwal Realtors Private Limited (NCLT)

Section 7 application under IB Code (IBC 2016) is not maintainable in case of lack of written document / evidence in the form of loan agreement, promissory note, contract or any document to substantiate its claim that there was a financial debt and a default of the same.

Hon’ble National Company Law Tribunal (NCLT), Mumbai Bench in Company Petition No. CP (IB) 954/MB/C-I/2019 [Gateway Offshore Pri

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