NCLT, Mumbai held that the amount claimed by the applicant in terms of mutually agreed, genuine, pre-determined compensation for the cost incurred due to the premature termination of leave and licence agreement by the corporate debtor, does not constitute an ‘operational debt’ and does not qualify the applicant as an ‘operational creditor’ under the Code.

This content is restricted to site members. If you are an existing user, please log in. New users may register below.

Existing Users Log In
   

Related Posts