Whether 'Default' of instalments under a settlement Agreements is an "Operational Debt" under the Insolvency and Bankruptcy Code, 2016 ("the Code")? This question has been answered in negative by the National Company Law Tribunal, New Delhi in its Judgement dated 22.07.2020 passed in the matter of "Brand Realty Services Limited vs Sir John Bakeries India Private Limited,...
![Default Of Instalments Under Settlement Agreement Not Operational Debt Under IBC: NCLT [Read Order]](https://www.livelaw.in/h-upload/2019/12/03/750x450_367452-nclt-03.jpg "Default Of Instalments Under Settlement Agreement Not Operational Debt Under IBC: NCLT [Read Order]")