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2020 (2) TMI 697 - Tri - Insolvency and BankruptcyMaintainability of application - initiation of CIRP - Corporate Debtor failed to make repayment of its dues - Operational debt or not - HELD THAT:- In TATA CHEMICALS LIMITED VERSUS RAJ PROCESS EQUIPMENTS AND SYSTEMS PRIVATE LIMITED [2018 (11) TMI 1662 - NATIONAL COMPANY LAW TRIBUNAL, MUMBAI] this bench had held that refund of advance money is not in connection with goods or services. The service was to be rendered not by the Operational Creditor but the Corporate Debtor. In the present case also, the claim relates to non-payment of advance money and hence the same is not covered under the definition of "Operational Debt". Application dismissed.
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