https://www.taxtmi.com/caselaws?id=384685 A claim for liquidated damages arising from delay or non-performance of a contract does not become an operational debt under the Insolvency and Bankruptcy Code unless it arises from supply of goods, rendering of services, employment, or government dues. Because the damages claim remained unadjudicated and had not crystallised into a debt due and payable, it fell outside the scope of section 9. The availability of a contractual recovery remedy under other law did not alter its character. The application under section 9 was therefore not maintainable. en-us Wed, 08 May 2019 00:00:00 +0530 Wed, 21 Aug 2019 07:49:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384685 A claim for liquidated damages arising from delay or non-performance of a contract does not become an operational debt under the Insolvency and Bankruptcy Code unless it arises from supply of goods, rendering of services, employment, or government dues. Because the damages claim remained unadjudicated and had not crystallised into a debt due and payable, it fell outside the scope of section 9. The availability of a contractual recovery remedy under other law did not alter its character. The application under section 9 was therefore not maintainable. Case-Laws Insolvency and Bankruptcy Wed, 08 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384685