The appeal arises from an order dated 04.03.2020 passed by the Adjudicating Authority (National Company Law Tribunal), Jaipur Bench, dismissing a Section 9 application. The appellant, Jaipur Trade Expocentre Private Limited, had entered into a license agreement with the respondent, M/s Metro Jet Airways Training Private Limited, for the use of premises. Disputes arose regarding the payment of license fees, leading to the Section 9 application.
Jaipur Trade Expocentre Private Limited (Appellant) and M/s Metro Jet Airways Training Private Limited (Respondent) entered into a license agreement on 15.04.2017.
The license agreement granted the respondent the right to use an Admin Building with a super area of 31000 Sq. Ft. for running an educational establishment.
The agreed license fee was Rs.4,00,000/- per month plus government taxes.
The respondent defaulted in payment of license fees, and several cheques issued for part payment were dishonored.
The appellant issued a demand notice under Section 8 of the IBC for total dues of Rs.1,31,20,788/-.
The respondent initiated civil proceedings before Sanganer Court, Jaipur, after receiving the demand notice.
…Sign in to view the parties.
Agreement between Jaipur Trade Expocentre…
Licensee took the premises for the purposes of…
The appeal arises from an order dated 04.03.2020 passed by the Adjudicating Authority (National Company Law Tribunal), Jaipur Bench, dismissing a Section 9 application. The appellant, Jaipur Trade Expocentre Private Limited, had entered into a license agreement with the respondent, M/s Metro Jet Airways Training Private Limited, for the use of premises. Disputes arose regarding the payment of license fees, leading to the Section 9 application.
Jaipur Trade Expocentre Private Limited (Appellant) and M/s Metro Jet Airways Training Private Limited (Respondent) entered into a license agreement on 15.04.2017.
The license agreement granted the respondent the right to use an Admin Building with a super area of 31000 Sq. Ft. for running an educational establishment.
The agreed license fee was Rs.4,00,000/- per month plus government taxes.
The respondent defaulted in payment of license fees, and several cheques issued for part payment were dishonored.
The appellant issued a demand notice under Section 8 of the IBC for total dues of Rs.1,31,20,788/-.
The respondent initiated civil proceedings before Sanganer Court, Jaipur, after receiving the demand notice.
…Agreement between Jaipur Trade Expocentre…
Licensee took the premises for the purposes of…