NCLT Rejects CIRP Plea as Alleged Operational Debt Was Based on Unreliable Documents

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...