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2022 (10) TMI 435 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL , PRINCIPAL BENCH , NEW DELHIDefault in repaying the Arbitral Award - Section 7 of the IBC - November 2009 to 15th July 2015 - HELD THAT:- The Adjudicating Authority has rightly held that the basic nature of transaction is not covered under ‘financial debt’ and rental lease agreement can be ‘operational debt’ but not ‘financial debt’. The Transactions which transpired between the parties does not partake the character of a ‘financial debt’ and the Appellant does not qualify to be a Financial Creditor in relation to the Corporate Debtor. Registry to upload the Judgment on the website of this Appellate Tribunal and send the copy of this Judgment to the Adjudicating Authority (National Company Law Tribunal, Principal Bench, New Delhi.) forthwith.
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