ABBOTTS INSOLVENCY NO FURTHER A MYSTERY

Beneath sec. 5(20) of IBC 2016, operational creditors are those creditors who do not give funds or hard cash on the promoters but they supply products and services on the promoters. For example, There's a company ‘X’ who manufacture vehicles and there is a company ‘Y’ who offer equipment to company ‘X’ for producing vehicles.Bankruptcy