Kaveri Infra Ltd owes money to four persons. Who among them is an operational creditor under the…

Section 5(21) defines an operational debt as "a claim in respect of the provision of goods or services including employment" or certain statutory dues, so an unpaid supplier of steel on credit is an operational creditor. A term loan at interest and debentures are financial debts under section 5(8)(a) and (c). Amounts raised from an allottee are deemed to have the commercial effect of a borrowing under the Explanation to section 5(8)(f), so the allottee is a financial creditor.