‘Operational Creditors’ can claim only Money that is payable as per Section 53 of IBC: NCLT [Read Order]

By Yogitha S. Yogesh - On December 15, 2022 2:07 pm - 2 mins read
‘Operational - Creditors’ - can - claim - only - Money - that - is - payable - IBC - NCLT - TAXSCAN

The Delhi Bench of the National Company Law Tribunal (NCLT) while considering a bunch of appeals has held that ‘Operational Creditors’ can claim only the money that is payable as per Section 53 of Insolvency and Bankruptcy Code (IBC), 2016 It was submitted by the Appellants that they are the ‘Operational Creditors’ of the ‘Corporate…

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