Whether dues to landowners under Collaboration Agreements can be treated as ‘Operational Debt’ under IBC?

Ajit Kaur Gill Vs Raheja Developers Limited (NCLT Delhi) The said question was analyzed, in the matter Mrs. Ajit Kaur Gill vs. Raheja Developers Limited (dated 12th May, 2023), by Principal Bench of Hon’ble NCLT, New Delhi.  Basically, an application was filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 (the Code), r/w Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, (Adjudicating Authority Rules), for initiating the Corporate Insolvency Resolution Process (‘CIRP’) against the Corporate Debtor viz., M/s Raheja Developers Limite...