NCLAT Delhi: Advance Paid Towards Service Is Operational Debt
19 Nov 2022 00:07 AM IST
The National Company Law Appellate Tribunal (“NCLAT”), in the case Chipsan Aviation Private Limited v Punj Llyod Aviation Limited, the principal bench comprising of Chairperson, Justice Ashok Bhushan and the Technical Member, Mr. Barun Mitra observed while adjudicating an appeal filed and has held that an advance paid towards a