https://www.taxtmi.com/highlights?id=54428 Initiation of CIRP - The debt has been defined in Section 3(11) means a liability or obligation in respect of a claim which is due from any person and includes a Financial Debt and Operational Debt - In view of the definition of debt and default, the retention money, which is part of the main bill, comes under the definition of debt and default. - AT en-us Sat, 22 Aug 2020 09:45:22 +0530 Sat, 22 Aug 2020 09:45:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=54428 Initiation of CIRP - The debt has been defined in Section 3(11) means a liability or obligation in respect of a claim which is due from any person and includes a Financial Debt and Operational Debt - In view of the definition of debt and default, the retention money, which is part of the main bill, comes under the definition of debt and default. - AT Highlights Insolvency and Bankruptcy Sat, 22 Aug 2020 09:45:22 +0530 https://www.taxtmi.com/highlights?id=54428