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Mobilox Innovations Private Ltd vs Kirusa Software Private Ltd on 21 September, 2017

In view of the facts and circumstances of the case as well as in view of law laid down by the Hon'ble Supreme Court in Mobilox Innovations Pvt Ltd (Supra), we are of the opinion that the Learned Adjudicating Authority has incorrectly allowed the application filed under Section 9 of the IBC on behalf of the Operational Creditor/Respondent No.1 which requires interference. Accordingly, order dated 2nd August, 2021 passed by learned National Company Law Tribunal, Mumbai Bench IV in CP(IB)/1393/MB-IV/2020 is hereby set aside. It goes without saying that the setting aside of the impugned order may not be treated as a hurdle for the Operational Creditor to take other action in accordance with law, if any. The Appeal is allowed. The order impugned dated 2nd August, 2021 is set aside.
Supreme Court of India Cites 40 - Cited by 272 - R F Nariman - Full Document
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