Supreme Court holds that suspension, idling and demobilization damages from a contract breach do not constitute operational debt under the IBC unless crystallized by a competent court or arbitral tribunal.
Read Full ArticleSupreme Court refuses to stay Adani’s JAL resolution plan, asks NCLAT to hear Vedanta’s appeal on priority in the high-stakes insolvency dispute.
Merely using the phrase that departure of a person will affect the economic interests of the country alone is not sufficient to sustain an LOC, the Delhi High Court has held while hearing a person's challenge to a Look Out Circular issued against him. What is the relation between 'country's economic interests' & Look Out Circular? Find out here.
The Senior Citizen Rights Handbook is a comprehensive guide designed to empower elderly citizens with clear and accessible knowledge of their legal and social rights in India.
![Uncrystallized Damages From Breach of Contract Not Operational Debt Under IBC : SC [Read Judgment]](/secure/uploads/2026/08/lj_5297_ChatGPT_Image_Aug_13,_2026,_02_08_42_AM.webp)
![Merely stating person's departure will 'affect country's economic interests' insufficient for LOC: Delhi HC [Read Judgment]](/secure/uploads/2023/12/lj_6791_WhatsApp_Image_2023-12-29_at_4.12.22_PM.jpeg)
