Gautam Mittal Resolution Professional ... vs Mp Warehousing And Logistics ...
- CitationCOMPANY APPEAL (AT)(INSOLVENCY) NO.219 OF 2021
Ratio decidendi
The rule this decision rests on
The claim for arrears of lease rent owed by a corporate debtor under CIRP, being unconnected with the insolvency resolution process of the corporate debtor, is not a matter for adjudication in the insolvency proceedings under Section 60(5) of the I&B Code; the Adjudicating Authority is not the forum for its recovery, and the creditor's right to recover such rent in accordance with law is unaffected by the dismissal.
Written by Miss Lucy from the judgment below, not taken from a headnote.
Judgment
As delivered
Mr. Abhishek Garg, Mr.Gautam Mittal, RP in person for appellant.
ORDER
(Through Virtual Mode)
23.03.2021- I.A. No.15/2021 filed by Resolution Professional under
Section 60(5) of the I&B Code for recovery of amount due on account of
lease rent was turned down by the Adjudicating Authority, National
Company Law Tribunal, Indore Bench at Ahmedabad, Court 1 in terms
of impugned order dated 5th February, 2021.
Feeling aggrieved thereof the appellant has preferred the instant
appeal and submitted that the Adjudicating Authority has not considered
the merits of the matter.
After hearing learned counsel for the appellant we find no reason
to take a view different from the one taken by the Adjudicating Authority.
The amount claimed as arrears of lease rent due has nothing to do with 2.
CIRP of the Respondent/Corporate Debtor. Appellant said to be in the
business of leasing out its godowns, may be entitled to recover the arrears
of lease rental from the Respondent but Adjudicating Authority is not the
recovery forum. We find no merit in the appeal. The appeal is accordingly
dismissed. However, the dismissal of this appeal will not in any manner
affect the rights of the appellant to recover the lease rental from
Respondent in accordance with law.
(Justice Bansi Lal Bhat) Acting Chairperson
(Dr. Ashok Kumar Mishra) Member (Technical) Bm/gm
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