The NCLT directed the return of 124 electric vehicles to the Resolution Professional, stating that disputed contractual monetary claims cannot be reviewed under the IBC.
NCLT on Disputed Monetary Claims and Asset Return
The NCLT has emphasized that disputed monetary claims cannot be adjudicated within the purview of the IBC, directing the return of 124 electric vehicles to the Resolution Professional. This decision serves to protect the asset pool of the corporate debtor while redirecting disputed claims to appropriate forums for resolution.
By affirming that such claims must not interfere with the insolvency process, the NCLT seeks to uphold the integrity of the CIRP and ensure that all creditors' rights are addressed appropriately. This ruling delineates the boundary between asset management and contractual disputes.
Legal practitioners should take heed of this ruling in drafting their claims and understanding what issues can legitimately be addressed within the IBC framework. They must guide clients to pursue contractually related disputes outside of the insolvency proceedings to avoid procedural conflicts.
Citations
- NCLT Order (2026) Volume Reporter Page
