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Default in payment of installments of settlement agreement doesn’t come within definition of ‘operational debt’

August 25, 2020[2020] 118 269 (NCLAT- New Delhi)

IBC : Where applicant filed application under section 9 on account of failure of respondent to pay amount of instalments as per settlement deed arrived at between parties, since default in payment of instalments of settlement agreement does not come within definition of 'operational debt', instant application was to be rejected

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