Proof of non-payment of operational debt now explicitly recognised to broaden admissible evidence in insolvency petitions. The amendment adds recognition of other proof confirming non-payment of an unpaid operational debt or such other information corresponding to clause (e) of the provision on operational debt claims, thereby broadening the evidentiary material a creditor may present to demonstrate non-payment by the corporate debtor when initiating insolvency proceedings.
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Provisions expressly mentioned in the judgment/order text.
Proof of non-payment of operational debt now explicitly recognised to broaden admissible evidence in insolvency petitions.
The amendment adds recognition of other proof confirming non-payment of an unpaid operational debt or such other information corresponding to clause (e) of the provision on operational debt claims, thereby broadening the evidentiary material a creditor may present to demonstrate non-payment by the corporate debtor when initiating insolvency proceedings.
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