![No Genuine Pre-existing Dispute Shown Over ₹18.56 Crore Operational Debt: NCLT Orders Insolvency Proceedings u/s 9 of IBC [Read Order]](https://images.taxscan.in/h-upload/2025/11/06/500x300_2102850-pre-existing-dispute-operational-debt-nclt-insolvency-proceedings-taxscan-.webp "No Genuine Pre-existing Dispute Shown Over ₹18.56 Crore Operational Debt: NCLT Orders Insolvency Proceedings u/s 9 of IBC [Read Order]")
No Genuine Pre-existing Dispute Shown Over ₹18.56 Crore Operational Debt: NCLT Orders Insolvency Proceedings u/s 9 of IBC [Read Order]
The National Company Law Tribunal, Cuttack Bench, admitted an operational creditor’s insolvency plea against Geosphere Industries Pvt. Ltd. after...
![Advance Payment Received by Corporate Debtor for Future Supply of Goods is Operational Debt Under IBC: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/IBC-NCLT-Advance-Payment-taxscan.jpg "Advance Payment Received by Corporate Debtor for Future Supply of Goods is Operational Debt Under IBC: NCLT [Read Order]")
![Operational Creditor can only Trigger CIRP on Default in Payment: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Operational-Creditor-Trigger-CIRP-Default-in-Payment-NCLAT-CIRP-on-Default-in-Payment-taxscan.jpg "Operational Creditor can only Trigger CIRP on Default in Payment: NCLAT [Read Order]")
![Claims u/s 11E of Central Excise Act does not Amount to Secured Debt: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Central-Excise-Act-NCLAT-New-Delhi-National-Company-Law-Appellate-Tribunal-NCLAT-IBC-operational-debt-NCLTs-resolution-plan-Reliance-Taxscan.jpg "Claims u/s 11E of Central Excise Act does not Amount to Secured Debt: NCLAT [Read Order]")
Settlement Breach Agreement between Operational Creditor and CD does not fall Under “Operational Debt” as per Section 5(21) of the IBC: NCLT
The Kolkata bench of the National Company Law Tribunal ( NCLT )has held that the breach of the settlement agreement between the operational creditor and the corporate debtor does not fall within the...
Claim for Refund of Security Deposit on Contractual Obligation Contingent on Executing Leave and License Agreement not Operational Debt under IBC: NCLAT [Read Order]
The New Delhi Bench of the National Company Law Appellate Tribunal ( NCLAT ) observed that the refund of Security Deposit on contractual obligation contingent on executing leave and license agreement...
Advanced Deposit towards Licence Fee to be considered as Operational Debt and Issuance of Notice under NI Act is not a Dispute: NCLT [Read Order]
The Delhi Bench of National Company Law Tribunal (NCLT) held that Advanced deposit towards licence fee to be considered as Operational Debt and issuance of notice under Negotiable Instruments Act is...
![Advanced Deposit towards Licence Fee to be considered as Operational Debt and Issuance of Notice under NI Act is not a Dispute: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/Advanced-deposit-licence-fee-Operational-Debt-issuance-of-notice-under-NI-Act-NCLT-Taxscan.jpeg "Advanced Deposit towards Licence Fee to be considered as Operational Debt and Issuance of Notice under NI Act is not a Dispute: NCLT [Read Order]")
Only Debts covered under definition of ‘Operational Debt’ can file application under Section 9 of Insolvency and Bankruptcy Code: NCLT
The National Company Law Tribunal (NCLT), Kochi Bench ruled that only debts covered under the definition of ‘Operational Debt’ can file an application under Section 9 of Insolvency and Bankruptcy...
Advance given by Real-Estate developer to Property Owner is Operational Debt under IBC: NCLT [Read Order]
The National Company Law Tribunal (NCLT), Mumbai on last Saturday ruled that the advance amount received by a property owner from the real-estate developer for a re-development project qualifies as...
![Advance given by Real-Estate developer to Property Owner is Operational Debt under IBC: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/real-estate-developer-property-owner-operational-debt-IBC-NCLT-Mumbai-NCLT-Taxscan.jpeg "Advance given by Real-Estate developer to Property Owner is Operational Debt under IBC: NCLT [Read Order]")
Lease rentals arising out of use and occupation of a cold storage unit is an ‘Operational Debt’: NCLAT [Read Order]
The National Company Law Appellate Tribunal (NCLAT), New Delhi held that the lease rentals arising out of use and occupation of a cold storage unit is an ‘Operational Debt’. The respondent,...
![Lease rentals arising out of use and occupation of a cold storage unit is an ‘Operational Debt’: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/10/NCLAT-cold-storage-unit-Operational-Debt-Taxscan.jpg "Lease rentals arising out of use and occupation of a cold storage unit is an ‘Operational Debt’: NCLAT [Read Order]")
![Interest alone cannot be construed as Operational Debt: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/Operational-Debt-Interest-Taxscan.jpg "Interest alone cannot be construed as Operational Debt: NCLAT [Read Order]")