Photo of Namrata Sadhnani

Senior Associate in the Dispute Resolution Practice at the Noida office of Cyril Amarchand Mangaldas. Namrata focuses on disputes in relation to arbitration proceedings, consumer disputes, insolvency proceedings, as well as other corporate and commercial litigation. She can be reached at



claim for refund of advance amount


Since the enactment of the Insolvency and Bankruptcy Code, 2016, (“IBC”), the Indian judiciary has been facing numerous interpretational challenges on various provisions of the IBC. While certain challenges have been put to rest by introducing amendments to the legislation, a larger bunch of the issues have been settled by interpretations adopted by the judiciary. The Courts and Tribunals, in interpreting the provisions of the IBC, have aspired to achieve the objective of the IBC, i.e. maximising the value of assets of the corporate debtor.Continue Reading Is Claim for Refund of Advance an ‘Operational Debt’? SC Comes to Rescue