Whether the appellant's claim can be classified as a Financial Debt or Operational Debt under the Insolvency and Bankruptcy Code, 2016.

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..... y Issues: Whether the appellant's claim can be classified as a Financial Debt or Operational Debt under the Insolvency and Bankruptcy Code, 2016 . Court's Analysis: Nature of Transaction: The court examined the nature of the transaction between the parties, focusing on the terms of their agreement. The agreement involved the supply of sugar, with specific clauses rel .....

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..... 's Claim: The court noted that the appellant filed a Section 9 application, indicating it considered itself an Operational Creditor. The Resolution Professional categorized the claim as operational debt, a stance supported by the Adjudicating Authority. Decision: The NCLAT upheld the decision of the Adjudicating Authority, ruling that the appellant's claim was an operation .....

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