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Home Highlights February 2020 Year 2020 This

Initiation of CIRP - not increasing the rent of a period of 6 ...


CIRP Initiation Denied: Alleged Increased Rent Not Operational Debt u/s 5(21) of Insolvency Code.

February 3, 2020

Case Laws     Insolvency and Bankruptcy     AT

Initiation of CIRP - not increasing the rent of a period of 6 years - The alleged debt on account of purported enhanced rent of leasehold property does not fall within the definition of the operational debt in terms of Section 5(21) of the Code

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