State Government is ‘Operational Creditor’, and Taxes payable shall be ‘Operational Debt’: Jharkhand HC [Read Judgment]

The High Court of Jharkhand held that the State Government shall fall within the definition of ‘operational creditor’, and the taxes payable by the petitioner shall fall within the definition of ‘operational debt under Section 5 of Insolvency and Bankruptcy Code, 2016. The petitioner Company, Electrosteel Steels Limited has challenged the garnishee order, issued under […]

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