Supreme Court · 2024 INSC 340 · Decided 25 April 2024
Global Credit Capital Limited & ANR. v. Sach Marketing PVT. LTD. & Anr
- Court
- Supreme Court of India
- Citation
- 2024 INSC 340 · [2024] 5 S.C.R. 215
- Case number
- CIVIL APPEAL No. 1143/2022
- Decided
- 25 April 2024
- Bench
- ABHAY S. OKA, PANKAJ MITHAL (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- IBC Section 5
Headnote
(i) Whether there can be debt within the meaning of sub-section (11) of section 5 of the Insolvency and Bankruptcy Code, 2016; (ii) What is the test to determine whether a debt is a financial debt within the meaning of sub-section (8) of section 5 of Is it necessary to ascertain what is the real nature of the transaction reflected in the writing, while deciding the issue whether a debt is a financial debt or an operational debt; (iv) When is the debt, an operational debt. Insolvency and Bankruptcy Code, 2016 - Whether
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