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IBC - Highlights / Catch Notes

Home Highlights November 2019 Year 2019 This

Maintainability of application - initiation of CIRP - scope of ...

Insolvency and Bankruptcy

November 14, 2019

Maintainability of application - initiation of CIRP - scope of the term goods or services under the code - The debt arising out of non-payment of lease rent does not fall under the definition of “operational debt” as defined u/s 5(21) of the Code of 2016 (even though it may otherwise be a debt).

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