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Statutory dues of companies are operational debt, says NCLAT

Updated : March 20, 2019 11:50 PM IST

The NCLAT order came over a four petitions filed by the income tax department, sales tax department, Maharashtra, where question as whether statutory dues come under the definition of the operational debt and if yes, then can they be treated as operational creditors of the company.
NCLAT said that goods and services including employment are required to keep a company, a corporate debtor, operational as a going concern.
Statutory dues of companies are operational debt, says NCLAT

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