Dues in the nature of rent of immovable property do not fall under the head of Operational Debt as defined under Section 5 (21) of IBC – Promila Taneja Vs. Surendri Design Pvt. Ltd. – NCLAT New Delhi

NCLAT in Promila Taneja Vs. Surendri Design Pvt. Ltd. (2020) ibclaw.in 428 NCLAT held that in the matter of Anup Shushil Dubey Vs. National Agriculture Co-operative Marketing Federation of India Limited & Ors (2020) ibclaw.in 293 NCLAT, it does not appear that the Learned Counsel for parties duly assisted the Hon’ble Bench. It appears to us that the Learned Counsel for parties did not properly assist the Hon’ble Bench in the matter of Anup Shushil Dubey Vs. National Agriculture Co-operative Marketing Federation of India Limited & Ors. Further, it was held that we are finding difficulty to change the view we had taken in the matter of Mr. M. Ravindranath Reddy Versus Mr G. Kishan & Ors. [2020] ibclaw.in 95 NCLAT.

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