JSA Prism (Insolvency Law) – February 2022

An ‘operational debt’ will include a debt arising from a contract in relation to the supply of goods or services from the corporate debtor

In a recent case, the Supreme Court held that a debt which arises out of advance payment made to a corporate debtor for supply of goods or services by the corporate debtor would also be considered as an “operational debt” under Section 5(21) of the Insolvency & Bankruptcy Code.

To read further details, please refer to the below document.

Your web browser doesn’t have a PDF plugin.Instead you can click here to download the Newsletter.  

 

Newsletters & Updates

  • JSA Brief
  • July 24, 2025

JSA Brief | June 2025

  • JSA Prism
  • July 22, 2025

JSA Prism | Insolvency Law | July 2025

  • JSA Prism
  • July 21, 2025

JSA Prism | Employment | July 2025

View More