Whether license fees or lease rental is operational debt - NCLAT
Last updated: 15 July 2022
Court :
NCLAT, Jaipur
Brief :
The Hon’ble NCLAT full bench overturns its two previous judgements to clarify that Licensor for payment "License Fees" will be treated as Operational Creditor and "License Fees" is an Operational Debt.
Citation :
JAIPUR TRADE EXPOCENTRE PVT. LTD. V. M/S METRO JET AIRWAYS TRAINING PVT. LTD.
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FCS Deepak Pratap Singh
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