Permission to use trademark is provisions of service thus dues there on is an operational debt

Somesh Choudhary Vs Knight Riders Sports Private Limited (NCLAT Delhi) Held that the ‘Corporate Debtor’ was permitted to use the trademark of ‘KKR’ in relation to its licensed products, accordingly, there was temporary transfer/permission to use, constituting ‘provision of service’. Hence, due and payable arising out of such service is an operational debt Facts- Respondent (Knight Riders Sports Private Limited) and Corporate Debtor (M/s. Global Fragrances Private Limited) had entered into a Licensing Agreement. Accordingly, the Respondent had permitted the Corporate Debtor to the u...