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Default in payment of monthly lease rentals for use of cold storage unit falls within ambit of 'operational debt'

January 16, 2021[2021] 123 70 (NCL-AT)

IBC : Where corporate debtor defaulted in payment of monthly lease rentals arising out of use and occupation of a cold storage unit and communication on record clearly established that there was a debt due and payable and there was no pre-existing dispute and dues claimed by operational creditor squarely fell within ambit of definition of operational debt as defined under section 5(21), Adjudicating Authority rightly admitted section 9 application

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