This lecture explains the landmark Supreme Court decision in Mobilox Innovations Pvt Ltd v Kirusa Software Pvt Ltd (2017) on the Insolvency and Bankruptcy Code. Understand what constitutes a pre-existing dispute under Section 8 and Section 9 of the IBC, and learn how the Adjudicating Authority separates genuine disputes from spurious defenses. Essential for law students preparing for semester exams, CLAT PG, and UGC NET Law.
In this video you will learn:
• Understand the factual background and procedural history of the Mobilox Innovations case
• Learn the three mandatory conditions the NCLT examines under Section 9 of the IBC
• Master the 'plausible contention' test used to identify a pre-existing dispute
• Discover why the word 'and' in Section 8(2)(a) was judicially interpreted as 'or'
• Understand the inclusive definition of 'dispute' under Section 5(6) of the Code
• Learn the strict statutory timelines prescribed for triggering the CIRP process
Topics covered:
• Facts of Mobilox Innovations v Kirusa Software
• Role of NCLT under Section 9 of IBC
• Interpretation of Section 8(2)(a) ('and' read as 'or')
• Threshold test for existence of a pre-existing dispute
• Plausible contention versus spurious defense
• Paragraph 40 of Mobilox judgment
• Inclusive definition of dispute under Section 5(6)
• CIRP triggering timelines under IBC
• Certificate from financial institution under Section 9
• Distinction between operational debts and financial debts
Important case laws:
• Mobilox Innovations Pvt Ltd v Kirusa Software Pvt Ltd (2017)
Statutory provisions discussed:
• Section 9, Insolvency and Bankruptcy Code
• Section 8, Insolvency and Bankruptcy Code
• Section 8(2)(a), Insolvency and Bankruptcy Code
• Section 4, Insolvency and Bankruptcy Code
• Section 9(5)(ii)(d), Insolvency and Bankruptcy Code
• Section 5(6), Insolvency and Bankruptcy Code
• Section 61, Insolvency and Bankruptcy Code
• Section 64, Insolvency and Bankruptcy Code
Useful for: LL.B. (3-year and 5-year integrated), UGC NET Law, CLAT PG and University semester exams.
Chapters:
00:00 Introduction & Core Question
02:36 Facts of the Case
05:08 Decisions of NCLT and NCLAT
07:22 Interpretation of Section 8(2)(a)
09:50 Role of Adjudicating Authority under Section 9
14:16 Plausible Contention & Spurious Defense Test
16:27 Paragraph 40 of the Judgment
18:21 Definition of Dispute under Section 5(6)
20:25 Timelines for Triggering CIRP
21:56 Certificate from Financial Institution
26:59 Unliquidated Damages & Forum Selection
28:47 Final Result and Principles of Law
30:59 Practical Example & Summary
Notes and study material:
https://www.thelaweasy.com
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