hundred and eightieth day;
Sec. 5(20) “operational creditor” means a person to
whom an operational debt is owed and includes any
person to whom ... such person shall be considered to be an
operational creditor to the extent of the operational debt
owed by the corporate debtor to such creditor
resolution by operational creditor.
(1) An operational creditor may, on the occurrence
of a default, deliver a demand notice of unpaid
operational debt or copy ... resolution by operational creditor.
(1) An operational creditor may, on the occurrence
of a default, deliver a demand notice of unpaid
operational debt or copy
OPERATIONAL DEBT
1. TOTAL AMOUNT OF DEBT, DETAILS
OF TRANSACTIONS ON ACCOUNT OF
WHICH DEBT FELL DUE, AND THE
DATE FROM WHICH SUCH DEBT
FELL ... OPERATIONAL
DEBT
1. TOTAL AMOUNT OF DEBT,
DETAILS OF TRANSACTIONS ON
ACCOUNT OF WHICH DEBT FELL DUE,
AND THE DATE FROM WHICH SUCH
DEBT FELL
Code”) can be invoked in respect
of an operational debt where an Arbitral Award has been
Signature Not Verified
passed against the operational debtor, which ... operational debts is to ensure that the
amount of such debts, which is usually smaller than
that of financial debts, does not enable operational
creditors
operational debts is to ensure that the amount of
such debts, which is usually smaller than that of
financial debts, does not enable operational
creditors ... operational debts is to ensure that
the amount of such debts, which is usually smaller than that of
financial debts, does not enable operational creditors
hundred and eightieth day;
Sec. 5(20) “operational creditor” means a person to
whom an operational debt is owed and includes any
person to whom ... such person shall be considered to be an
operational creditor to the extent of the operational debt
owed by the corporate debtor to such creditor
first, it re-opens the
right of financial and operational creditors holding
time-barred debts under the Limitation Act to file for
CIRP, the trigger ... debt” means a liability or obligation in respect
of a claim which is due from any person and
includes a financial debt and operational debt
claims of operational creditors (some of
which were highly belated and/or without sufficient proof) were
admitted, such that the admitted operational debt of approximately ... approval of the approved
8
resolution plan became an operational debt of approximately INR
19,719.20 crores.
(v) The profits generated by the corporate debtor
such person shall be considered to be an
operational creditor to the extent of the
operational debt owed by the corporate debtor
to such creditor ... Where an operational creditor has assigned or legally
transferred any operational debt to a financial creditor,
the assignee or transferee shall be considered
manifestly
arbitrary, as under Sections 8 and 9 of the Code, an operational debtor
is not only given notice of default, but is entitled ... that a valid distinction exists between
financial and operational creditors, there is hostile discrimination
against operational creditors. First and foremost, unless they amount
