Claim of gratuity with interest included within meaning of operational debt: NCLAT Delhi

Sashi Kanta Jha Vs Devi Prasad (NCLAT Delhi)

NCLAT Delhi held that claim of gratuity with interest was fully included within the meaning of operational debt under section 5(21) of the Insolvency and Bankruptcy Code, 2016 [IBC] and accordingly, application under Section 9 of IBC was fully maintainable.

Facts- This appeal by a suspended director of the corporate debtor, M/s. Juggilal Kamlapat Jute Mills Company Limited (now Geo Jute Ltd.) has been filed challenging the order dated 19.01.2024 passed by the adjudicating authority (National Company Law, Tribunal,

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