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  • Bankruptcy-WPS Office

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    Adeel Ali
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    The document discusses a judgment by the Supreme Court of India regarding operational debt under Section 9 of the Insolvency and Bankruptcy Code of 2016. The judgment refers to the November 2015 report of the Bankruptcy Law Reforms Committee. Specifically, it refers to paragraph 5.2.1 of the report which discusses who can trigger insolvency resolution proceedings. While the Supreme Court does not explicitly approve the views in paragraph 5.2.1, the reference shows it was intended to help understand the nature of operational debt. Thus, the recommendations in paragraph 5.2.1 of the Bankruptcy Law Reforms Committee report can be relied on to interpret operational debt.

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    The document discusses a judgment by the Supreme Court of India regarding operational debt under Section 9 of the Insolvency and Bankruptcy Code of 2016. The judgment refers to the November 2015 report of the Bankruptcy Law Reforms Committee. Specifically, it refers to paragraph 5.2.1 of the report which discusses who can trigger insolvency resolution proceedings. While the Supreme Court does not explicitly approve the views in paragraph 5.2.1, the reference shows it was intended to help understand the nature of operational debt. Thus, the recommendations in paragraph 5.2.1 of the Bankruptcy Law Reforms Committee report can be relied on to interpret operational debt.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    7 views2 pages

    Bankruptcy-WPS Office

    Uploaded by

    Adeel Ali
    The document discusses a judgment by the Supreme Court of India regarding operational debt under Section 9 of the Insolvency and Bankruptcy Code of 2016. The judgment refers to the November 2015 report of the Bankruptcy Law Reforms Committee. Specifically, it refers to paragraph 5.2.1 of the report which discusses who can trigger insolvency resolution proceedings. While the Supreme Court does not explicitly approve the views in paragraph 5.2.1, the reference shows it was intended to help understand the nature of operational debt. Thus, the recommendations in paragraph 5.2.1 of the Bankruptcy Law Reforms Committee report can be relied on to interpret operational debt.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

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