This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Lease Rental is Operational Debt under IBC, 2016: NCLAT
Case Law Details
- Case Name
- Jaipur Trade Expocentre Private Limited Vs Metro Jet Airways Training Private Limited (NCLAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- NCLAT
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
Jaipur Trade Expocentre Private Limited Vs Metro Jet Airways Training Private Limited (NCLAT Delhi)
We have noticed above that Section 3(33) of the Code deals with ‘transaction’. Agreement dated 15.04.2017 is fully covered within the meaning of word ‘transaction’ as defined in Section 3(33). We may also need to look into the meaning of expression ‘operation’. The word ‘operation’ is derived from the word ‘operate’. Various expressions relating to ‘operation’ and ‘operate’ have been defined. For example ‘Operating Cost’ and ‘Operating Profit or...
