NCLT, Mumbai: Advance Amount Received by Property Owner is Operational Debt - (18 Jan 2021)
INSOLVENCY
National Company Law Tribunal (NCLT), Mumbai has ruled that the advance amount received by a property owner from the real-estate developer for a re-development project qualifies as operational debt under the Insolvency & Bankruptcy Code, 2016.
Tags : NATIONAL COMPANY LAW TRIBUNAL OPERATIONAL DEBT
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