2022 (3) TMI 1569 - SCH - Insolvency and Bankruptcy

Initiation of CIRP - NCLT admitted the application - Operational creditors - it was held by NCLAT that this Tribunal taking note of the fact that under the Contract the amount was due and payable on 25.04.2020, comes to a consequent conclusion that as per provision of Section 10A, the application filed by the Operational Creditor /petitioner under Section 9 of the Code is not maintainable. HELD THAT - There are no cogent reason to entertain the appeal. The judgment impugned does not warrant any interference. Appeal dismissed.

Summary

The Supreme Court of India dismissed the appeal as they found no reason to interfere with the impugned judgment. The Respondent did not appear during the hearing.