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Non-refund of advance money given for installation of plant wasn't operation debt

February 12, 2020[2020] 113 taxmann.com 397 (NCLT - Mum.)
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IBC: Where operational creditor paid advance money to corporate debtor towards installation of a manufacturing plant but corporate debtor failed to complete installation work, claim of operational creditor relating to non-refund of advance money was not covered under definition of 'operational debt' and CIRP application filed in this regard was to be rejected

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