In the recent decision, the National Company Law Appellate Tribunal (“NCLAT”), New Delhi has held that claims arising from the grant of an exclusive right and license to use intellectual property rights falls within the definition of “operational debt” under Section 5(21) of Insolvency and Bankruptcy Code, 2016 (“IBC”).
To read further details, click here or refer to the below document. For more details, please contact [email protected] *In case the document is not visible on the device you are using, please click the link above.
