Premium amount or lease rent is not part of section 14(1)(d) of IBC: NCLAT Delhi

Sunil Kumar Agarwal & Anr. Vs Anand Sonbhadra (NCLAT Delhi)

NCLAT Delhi held that explanation is not applicable because the premium amount or lease rent is not part of Section 14(1)(d) of the Insolvency and Bankruptcy Code, 2016. Thus, appeal is allowed and order is set aside.

Facts- M/s Concord Infrastructure Pvt. Ltd. (Operational Creditor) filed an application u/s. 9 of the Insolvency and Bankruptcy Code, 2016 before the Adjudicating Authority against M/s Shubhkamna Buildtech Pvt. Ltd. (Corporate Debtor) which was admitted on 26.11.2018.

The re

Please become a Premium member. If you are already a Premium member, login here to access the full content.