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Insolvency plea filed u/s 5 was to be dismissed as lessor failed to comply with terms of lease deed

September 6, 2019[2019] 108 279 (NCLT-Beng.)

IBC: Where company 'D' took building on lease from operational creditor and subsequently, assigned same to corporate debtor, however, corporate debtor failed to pay rent, in view of fact that operational creditor failed to comply terms and conditions to claim rents under deed, application initiated by operational creditor under section 9 was misconceived and, therefore, same was to be dismissed

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