Conditions to exercise residuary jurisdiction under Section 60(5)(c) of IBC to adjudicate upon the contractual dispute between the parties – Ms. Vineeta Maheshwari RP of M/s Aaj ka Anand Paper Ltd. Vs. M/s Kwality Catering Services & Ors. – NCLT Mumbai Bench

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Can the dues/outstanding be claimed by any of the Creditors of the Corporate Debtor after the approval of the Resolution Plan? – Bhagwati Power and Steel Ltd. & Anr Vs. Commissioner of Customs (Preventive) Commissionerate, Bhubaneswar, & Anr – NCLT Kolkata Bench

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Under the provisions of IBC, to be an Operational Creditor it is necessary to show that there is an operational debt which has to be a claim with regard to provision of goods or services – Anand Natvarlal Khant Vs. Kush Structure Pvt. Ltd. – NCLAT New Delhi

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Appellant (Operational Creditor) does not have any right to the goods or raw material lying in the premises of the Corporate Debtor even after the order of the CIRP and that the Resolution Professional is authorised under law to take possession of the moveable or immovable properties of the Corporate Debtor after commencement of the CIRP – MSTC Ltd. Vs. Supriyo Kumar Chaudhuri and Ors. – NCLAT New Delhi

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