Breach of payment terms under a Settlement Agreement does not come under the purview of the Operational Debt-NCLT, New Delhi Bench
Sep 21, 2022
The above issue became relevant due to conflicting judgments made by various National Company Law Tribunals (“NCLTs“) regarding the question of whether a petition for Corporate Insolvency Resolution Process (“CIRP“) filed against a Corporate Debtor that was withdrawn in accordance with Section 12A of the I&B Code can be revived in the event the Corporate Debtor […]