Ace Acoustics & Audio Video Solutions Pvt. Ltd.

Whether lease rent amounts to operational debt- Aurora Accessories Pvt. Ltd. vs Ace Acoustics & Audio Video Solutions Pvt. Ltd-NCLAT

NCLAT referring  Mr. Ravindranath Reddy Versus Mr G. Kishan & Ors. has held that the issue regarding question whether lease rent amounts to operational debt, has already been decided and on the basis of such claim, Application under Section 9 cannot be maintained. We do not find any substance in the Appeal. There is no reason to interfere with the Impugned Order.

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