Dues outstanding under lease, where lessee has not raised any amount, doesn’t qualify as financial creditor

New Okhla Industrial Development Authority Vs Anand Sonbhadra (Supreme Court) Facts- The appellant ‘NOIDA’ initially submitted Form ’B’ and claimed as an operational creditor in regard to the dues outstanding under the lease. Subsequently the appellant filed a claim in Form ‘C’ and claimed as a financial creditor. There was some correspondence which reveals that the appellant insisted upon being treated as a financial creditor. Finally, the matter was considered by the adjudicating authority (NCLT) which held that there was no financial lease in terms of the Indian Accounting Stand...