Tag: operational creditor

When CoC accepts a resolution plan and all mandatory requirements complied with, judicial review cannot be extended to analyse and look into the dissatisfaction evinced by any particular creditor or stakeholder – NCLAT In a recent judgment, NCLAT Delhi has held that it is the commercial wisdom of …

Supreme Court lays down tests to determine whether a debt is a financial debt or an operational debt under IBC In a recent judgment the Hon’ble Supreme Court has laid down tests to determine whether a debt is a financial debt or an operational debt under IBC ABCAUS …

Income Tax/Sales Tax Department and local authority are Operational Creditor under Insolvency and Bankruptcy Code, 2016 – NCLAT ABCAUS Case Law Citation: ABCAUS 2838 (2019) (03) IBBI Important Case Laws Cited/relied upon by the parties Central Bank of India vs. State of Kerala & Ors.─ (2009) 4 SCC …