GLOBAL CREDIT CAPITAL LIMITED & ANR.versusSACH MARKETING PVT. LTD. & ANR
Case No.: CIVIL APPEAL No. 1143/2022
Decision Date: 25-04-2024
Disposal: Dismissed
Neutral Citation: 2024INSC340

ABHAY S. OKA*, PANKAJ MITHAL Issue for Consideration (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. Headnotes Insolvency and Bankruptcy Code, 2016 – Whether 

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