Legal glossary
“operational debt”
Defined in 1 Acts. A definition holds for the Act that gives it; the same word can mean something else in another Act.
IBC · s. 5
The Insolvency and Bankruptcy Code, 2016.
(21) "operational debt" means a claim in respect of the provision of goods or services including employment or a debt in respect of the[3] [payment] of dues arising under any law for the time being in force and payable to the Central Government, any State Government or any local authority;
Read section 5