THE PAYMENT UNDER SETTLEMENT AGREEMENT IS NOT IN SCOPE OF OPERATION DEBT: DELHI NCLT Ahluwalia Contracts (India) Limited v. Logix Infratech Private Limited Delhi NCLT, if there is settlement agreement the default payment done under that agreement does not fall under the scope of operational debt of IBC. The bench referred to the verdict of Delhi control devices v. fedders electric and engineering w.r.t section 5(21) of IBC. The dispute was related to real estate project where the operational creditor filed application u/s 9 of code for initiation of CIRP. With a team of Commercial and litigation Law experts, Reddy & amp; Reddy Law Firm has extensive experience and involvement in commercial disputes, including Insolvency Proceedings. We are regularly involved in representations before NCLT, NCLAT, DRT and other commercial tribunals in India.