NCLAT: In absence of privity of contract, application u/s 9 of IBC not maintainable - 28.03.2025

The National Company Law Appellate Tribunal (NCLAT) has observed that where there is no privity of contract or any sort of Debtor-Creditor relationship between the Applicant and CD, the application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 is not maintainable.

Tags : Privity of contract Maintainability of application Debtor-Creditor relationship the Insolvency and Bankruptcy Code 2016

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