Barter Agreement Doesn’t Constitute Operational Debtor: NCLAT [Read Order]

Barter Agreement Doesn't Constitute Operational Debtor: NCLAT
Barter Agreement - Barter - Agreement - Operational Debtor - Debtor - NCLAT - TAXSCAN

The National Company Law Appellate Tribunal (‘NCLAT’), New Delhi Bench has held that barter agreement doesn’t constitute an operational debtor. The Barter Agreement has already been declared as an unfair practice by RERA. The Appellant – Aquacity Consumer and Societies Welfare Society claiming to be a society of homebuyers claimed to have filed two consumer…

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