If you go through business or legal news, you very often come across the term “Operational Creditor.” But what is that, actually? Let’s simplify it in simple words. What is an operational creditor? An operational creditor is a person or company that provides goods or services to another company and is owed money by them...
Author: Payel Baidya (Payel Baidya)
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What Is NCLT? Why the National Company Law Tribunal Matters in Business News
When a company refers to its case in front of the NCLT by way of a news story, the implication is generally related to either significant financial or legal challenges. A brief explanation of the meaning of the NCLT—National Company Law Tribunal—will help you understand its role within India’s corporate environment. The Purpose of NCLT...