Shreesha Merla ORDER
Shreesha Merla, Member (T)
(Through Virtual Mode)
1. Challenge in this Appeal viz. Comp. App. (AT) (CH) (Ins.) No.161/2022, is against the `Impugned Order' dated 08.03.2022 passedby the `Adjudicating Authority' (National Company Law Tribunal, Bengaluru Bench) in C.P. (IB) No.411/BB/2019, by which Order, the`Adjudicating Authority' has dismissed the Application filed by the `Appellant'/`Operational Creditor' under Section 9 of the Insolvency and Bankruptcy Code, 2016, (hereinafter referred to as `The Code').
2. While dismissing the Section 9 Application, the `Adjudicating Authority' has observed as follows:
"13.With regard to the first issue, it is to be seen that the I&B Code, 2016 is a self-contained Code and all the actions of the parties are to be examined in terms of the Code and the Rules and Regulations made thereunder only. The Hon'ble Apex Court in a catena of cases has categorically stated the various aspects to be considered by the Adjudicating Authority while deciding the applications filed under sections 7 and 9 of the 18B Code, 2016.
14. The Hon'ble Supreme Court in Mobilox Innovations Private Limited vs. Kirusa Software Private Limited, MANU/SC/1196/2017 : (2018) 1 SCC 353, while dealing with an application filed u/s