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Tag Archive for "bajaj-rubber-company-pvt-ltd-v-s-sasraswati-timber-pvt-ltd" -

CentrikBlogsBajaj Rubber Company Pvt. Ltd V/s Sasraswati Timber Pvt. Ltd

Tag: Bajaj Rubber Company Pvt. Ltd V/s Sasraswati Timber Pvt. Ltd

Breach of the settlement agreement is not a ground to invoke CIRP

Posted by Adv. Niraj ChamyalPosted on September 18, 2022September 24, 20220 CommentsCategories Authentic Legal Advice, Corporate Litigation-All In Way, Debt Recovery Management, Insolvency & Bankruptcy Code 2016, RERA ConsultingTags Bajaj Rubber Company Pvt. Ltd V/s Sasraswati Timber Pvt. Ltd, Breach of settlement, breach of settlement agreement india, CIRP against the corporate debtor, cross border insolvency, how to enforce settlement agreement, Insolvency and Bankruptcy Act, nclt settlement agreement, petition under Section 9 of the IBC, settlement agreement operational debt

Hon’ble NCLT Delhi held that the breach of the Settlement Agreement by the parties does not fall within the ambit of Operational Debt provided under Section 5(21) of the Insolvency Bankruptcy Code, 2016.

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