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2020 (7) TMI 29

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..... any law for the time being in force and payable to the Central Government, and State Government or any local authority are considered as 'Operational creditor' - To be more precise, these debts occur during the course of operation of the Corporate Debtor. Application disposed off. - IA NOS. 82 OF 2020 & 684, 685 & 06 OF 2019 - - - Dated:- 4-2-2020 - Ms. Manorama Kumari, Judic .....

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..... t if justice, equity and good conscience. 2. The brief facts of the case are that an application IA 684 of 2019 was filed for restoration of Inv. P 06 of 2019 along with the delay condonation application bearing No. IA 685 of 2019 which was dismissed for non-prosecution by the Adjudicating Authority vide its Order dated 13-1-2020. In view of that, the instant application is filed for restoratio .....

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..... n it is observed that an operational debt would include a claim in respect of the provision of goods or services, including employment, or a debt in respect of payment of dues arising under any law and payable to the Government or any local authority Thus, even if the instant application is allowed and thereafter, the delay is condoned, there is no merit in the Original Inv. P 06 of 2019, which .....

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