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2018 (3) TMI 1890

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..... t: Sakal Bhushan and Rohit Gandhi, Advocates For Respondents: Ashish Aggarwal and Gurcharan Singh, Advocates ORDER 1. The appellant preferred an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (hereinafter referred to as the 'I & B Code'). On appearance, the respondent - 'Corporate Debtor' brought to the notice of the Adjudicating Authority (National Comp .....

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..... arned counsel for the respondent, the definition of "dispute" would indicate that since NDA does not fall within any of the three sub-clauses of Section 5(6), no "dispute" is there on the facts of this case. We are afraid that we cannot accede to such a contention. First and foremost, the definition is an inclusive one, and we have seen that the word "includes" substituted the word "means" which o .....

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..... en the parties. They were further told that all amounts that were due to them were withheld till the time the matter is resolved. On 10-2-2015, the respondent referred to NDA of 26-12-2014 and denied that there was a breach of NDA. The respondent went on to state that the appellant's claim is unfounded and untenable, and that the appellant is trying to avoid its financial obligations, and that .....

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..... ce. Apparently, nothing came of the aforesaid emails and the appellant then fired the last shot on 19-9-2016, reiterating that no payments are due as NDA was breached." 3. Referring to the aforesaid paragraph, learned counsel for the appellant submitted that the Adjudicating Authority was required to see whether there is a plausible contention which requires further investigation and that the dis .....

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