https://www.taxtmi.com/highlights?id=65507 Initiation of CIRP - Operational Debt or not - Nature of transaction between the parties for taking over the Company - When the Operational Creditor acted in pursuance of the Proposed Development Agreement between the parties, the amount paid by the Operational Creditor of Rs. 3 Crores plus Rs. 1 Crore was towards providing services by the Operational Creditor, the same is clearly an “Operational Debt” - AT en-us Wed, 07 Sep 2022 09:16:19 +0530 Wed, 07 Sep 2022 09:16:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=65507 Initiation of CIRP - Operational Debt or not - Nature of transaction between the parties for taking over the Company - When the Operational Creditor acted in pursuance of the Proposed Development Agreement between the parties, the amount paid by the Operational Creditor of Rs. 3 Crores plus Rs. 1 Crore was towards providing services by the Operational Creditor, the same is clearly an “Operational Debt” - AT Highlights Insolvency and Bankruptcy Wed, 07 Sep 2022 09:16:19 +0530 https://www.taxtmi.com/highlights?id=65507