Jurisdiction of NCLT cannot be invoked for termination of contract on grounds other than insolvency

Advertisement TATA Consultancy Services Limited Vs Vishal Ghisulal Jain (Supreme Court) Facts- The appellant and the Corporate Debtor entered into a Build Phase Agreement followed by a Facilities Agreement. The Facilities Agreement obligated the Corporate Debtor to provide premises with certain specifications and facilities to the appellant for conducting examinations for educational institutions. Later, a termination notice was issued by the appellant to the Corporate Debtor which came into effect immediately. The parties have contested the facts leading up to the issuance of the notice. T...