21 November 2022


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NCLAT: Interest Free Security Deposit is an Operational Debt - 28.04.2022

National Company Law Appellate Tribunal has observed that an interest free security deposit towards advance license fee will qualifies as an operational debt under the Insolvency & Bankruptcy Code, 2016.

Tags : National Company Law Appellate Tribunal interest free security deposit Insolvency & Bankruptcy Code 2016

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