https://www.taxtmi.com/highlights?id=54552 Whether an advance amount for supply of goods can be considered as an Operational Debt under Section 5(20) of the I&B Code? - the advance amount paid by the Respondent No. 1 to Respondent No. 2 for supply of Sugar is not an Operational Debt, even if Respondent No. 2 failed to supply the Sugar to Respondent No. 1. - AT en-us Mon, 31 Aug 2020 17:10:30 +0530 Mon, 31 Aug 2020 17:10:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=54552 Whether an advance amount for supply of goods can be considered as an Operational Debt under Section 5(20) of the I&B Code? - the advance amount paid by the Respondent No. 1 to Respondent No. 2 for supply of Sugar is not an Operational Debt, even if Respondent No. 2 failed to supply the Sugar to Respondent No. 1. - AT Highlights Insolvency and Bankruptcy Mon, 31 Aug 2020 17:10:30 +0530 https://www.taxtmi.com/highlights?id=54552