https://www.taxtmi.com/caselaws?id=421943 The Tribunal ruled that rental dues do not constitute 'Operational Debt' under Section 5(21) of the IBC, 2016. The Company Petition seeking Corporate Insolvency Resolution Process was dismissed, permitting the Petitioner to explore other legal options. The decision was influenced by the interpretation of the 'Promila Taneja' case, determining that rental dues from office space use do not fall under operational debt. en-us Thu, 21 Apr 2022 00:00:00 +0530 Thu, 05 May 2022 08:34:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421943 The Tribunal ruled that rental dues do not constitute 'Operational Debt' under Section 5(21) of the IBC, 2016. The Company Petition seeking Corporate Insolvency Resolution Process was dismissed, permitting the Petitioner to explore other legal options. The decision was influenced by the interpretation of the 'Promila Taneja' case, determining that rental dues from office space use do not fall under operational debt. Case-Laws Insolvency and Bankruptcy Thu, 21 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421943