Search Results for Tag : Operational Debt

News

NCLT, Mumbai: Advance Amount Received by Property Owner is Operational Debt(18.01.2021)

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-de.....

Tags : National Company Law Tribunal, Operational Debt

Supreme Court Explains: Debt Becoming Financial & Operational Debt(27.04.2024)

SC has explained that where a party owes debt to another and when creditor is claiming under written agreement/arrangement providing for rendering ser.....

Tags : Supreme Court, Operational Debt, Financial Debt

COMPANY - Statutory Dues of Companies are Operational Debt: NCLAT(22.03.2019)

National Company Law Appellate Tribunal (NCLAT) has held that statutory liability, including income tax and value added tax dues, of debt-ridden compa.....

Tags : NCLAT, Statutory Dues of Companies, Operational Debt

NCLAT, New Delhi: Interest Alone Cannot Be Construed as Operational Debt(13.02.2020)

National Company Law Appellate Tribunal (NCLAT), New Delhi has held that claim amount towards Interest on loan alone, cannot be termed as an ‘Operatio.....

Tags : National Company Law Appellate Tribunal, Operational Debt

NCLT: Salary During Notice Period Does Not Fall Within the Definition of 'Operational Debt' Under IBC(26.05.2022)

National Company Law Tribunal, Mumbai Bench has held that salary for purported notice period amounts to specific performance of the appointment letter.....

Tags : National Company Law Tribunal, Operational Debt, Operational Creditor

Judgments

Lease of Immoveable Property cannot be considered as supply of goods or rendering a service, and cannot fall under the definition of ‘Operational Debt’(17.01.2020)

In the present case, the Appellant was the Corporate Debtor of the Respondents/ Petitioners, Lessors of industrial Premises. That tenancy of the Appel.....

Tags : Operational Debt, Immovable Property

Interest alone cannot be construed as operational debt(11.02.2020)

Present appeal emanates from the order passed by the Adjudicating Authority on the application filed under Section 9 of the Insolvency and Bankruptcy .....

Tags : Delayed payment, Interest, Operational Debt