Case Law Details
Case Name : ABC India Ltd. Vs Prabhakar Engineers Pvt. Ltd. (NCLT Mumbai)
Related Assessment Year :
Courts :
NCLT
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
Sponsored
ABC India Ltd. Vs Prabhakar Engineers Pvt. Ltd. (NCLT Mumbai)
Introduction: In a significant ruling, the National Company Law Tribunal (NCLT) Mumbai addressed the contentious issue of whether detention charges qualify as operational debts under the Insolvency and Bankruptcy Code (IBC). The case, titled ABC India Ltd. Vs Prabhakar Engineers Pvt. Ltd., revolves around the non-payment of operational debt amounting to Rs. 19,03,500.
Detailed Analysis: The case stemmed from a contractual agreement between ABC India Ltd. (the Operational Creditor)
Please become a Premium member. If you are already a Premium member, login here to access the full content.
Sponsored
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.
Author Bio
