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NCLT Rejects CIRP Plea as Alleged Operational Debt Was Based on Unreliable Documents
Case Law Details
- Case Name
- Jiostar India Private Limited Vs Absolute Legends Sports Private Limited (NCLT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- NCLT
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Jiostar India Private Limited Vs Absolute Legends Sports Private Limited (NCLT Delhi)
NCLT Rejects Section 9 Plea Due to Unexecuted Agreements Supporting Operational Debt Claim; Insolvency Petition Dismissed as Media Rights Agreements Lacked Authenticity, Rules NCLT; NCLT Holds IBC Cannot Be Invoked as a Recovery Tool for Contractual Dues; Section 9 Application Rejected Due to Doubts Over Existence of Operational Debt; NCLT Refuses CIRP Admission as Foundational Documents Raised Questions of Credibility.
The National Company Law Tribunal (NCLT), New Delhi Bench, considered an application fil...
