https://www.taxtmi.com/caselaws?id=460932 Bills of exchange issued in connection with supply transactions did not change the character of the underlying claim from operational debt to financial debt. Because the amounts due arose from goods and services supplied to the corporate debtor, the assignee or transferee remained an operational creditor to the extent of the assignment under the Insolvency and Bankruptcy Code, 2016. The Code's definitions of operational debt and operational creditor governed the classification, and external statutory meanings could not displace them. The appellant therefore could not be treated as a financial creditor and was entitled to proceed only as an operational creditor. en-us Mon, 29 Apr 2019 00:00:00 +0530 Mon, 03 Mar 2025 16:56:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460932 Bills of exchange issued in connection with supply transactions did not change the character of the underlying claim from operational debt to financial debt. Because the amounts due arose from goods and services supplied to the corporate debtor, the assignee or transferee remained an operational creditor to the extent of the assignment under the Insolvency and Bankruptcy Code, 2016. The Code's definitions of operational debt and operational creditor governed the classification, and external statutory meanings could not displace them. The appellant therefore could not be treated as a financial creditor and was entitled to proceed only as an operational creditor. Case-Laws IBC Mon, 29 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460932