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Tag Archive for "petition-filed-by-an-operational-creditor" -

CentrikBlogspetition filed by an Operational Creditor

Tag: petition filed by an Operational Creditor

Claim for damages cannot be an Operational Debt under IBC- Flipkart Analysis

Posted by Adv. Nazuk SethPosted on February 6, 2020February 7, 20200 CommentsCategories Insolvency & Bankruptcy Code 2016Tags Best lawyers in Bengaluru, Claim for financial damage, claim of Operational Creditor the jurisdiction of the NCLT, Delay in payment, Financial Damage and Operational Debt, fraudulent insolvency proceedings, Insolvency Proceedings against Flipkart, NCLT Bengaluru Bench, Operational Debt under IBC, petition filed by an Operational Creditor, Top RERA Lawyers in Karnataka

The Hon’ble Karnataka High Court on Oct 25, 2019, stayed the insolvency proceedings on the grounds that the Tribunal lacked jurisdiction to adjudicate a claim for damages. 

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