Lease Rent Non-Payment Not "Operational Debt" u/s 5(21) of Insolvency and Bankruptcy Code 2016.

Maintainability of application - initiation of CIRP - scope of the term goods or services under the code - The debt arising out of non-payment of lease rent does not fall under the definition of “operational debt” as defined u/s 5(21) of the Code of 2016 (even though it may otherwise be a debt). .....

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