Posts Tagged “dues”

Lease rent dues of an immovable property not ‘Operational Debt’ under IBC, NCLAT

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Lease rent dues of an immovable property not ‘Operational Debt’ under IBC, NCLAT

The National Company Law Appellate Tribunal (NCLAT) has held that the lease rent dues of an immovable property does not fall within the ambit of ‘Operational Debt’ under the Insolvency and Bankruptcy Code, 2016 (IBC). The Order was passed by a three-member Bench of Member (Judicial), Justice AIS Cheema and Members (Technical) Kanthi Narahari, VP Singh in an appeal…

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