Operational Debt

A claim in respect of provision of goods or services including employment or a debt in respect of the repayment of dues arising under any law for the time being in force as per Section 5(21) of IBC.

Operational Debt is significant under IBC because A claim in respect of provision of goods or services including employment or a debt in respect of the repayment of dues arising under any law for the time being in force as per Section 5(21) of IBC.

Operational Debt under IBC applies to companies, professionals, and individuals involved in IBC-related compliance and regulatory matters in India. Specifically: A claim in respect of provision of goods or services including employment or a debt in respect of the repayment of dues arising under any law for the ...