Whether an advance amount for supply of goods can be considered ...

Insolvency and Bankruptcy

August 31, 2020

Whether an advance amount for supply of goods can be considered as an Operational Debt under Section 5(20) of the I&B Code? - the advance amount paid by the Respondent No. 1 to Respondent No. 2 for supply of Sugar is not an Operational Debt, even if Respondent No. 2 failed to supply the Sugar to Respondent No. 1. - AT

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Whether an advance amount for supply of goods can be considered ...

Insolvency and Bankruptcy

August 31, 2020

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