Penalties imposed by NCDRC are regulatory & not constitute debt under IBC: SC

Saranga Anilkumar Aggarwal Vs Bhavesh Dhirajlal Sheth & Ors. (Supreme Court of India)

Supreme Court held that the penalties imposed by the National Consumer Disputes Redressal Commission [NCDRC] are regulatory in nature and do not constitute “debt” under the IBC. Thus, penalty imposed by NCDRC needs to be complied with.

Facts- The present appeal has been filed against the final judgment and order passed by the National Consumer Disputes Redressal Commission, wherein multiple penalties (27 in total) were imposed on the appellant for failing to

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