Supreme Court rules business liquidation rent is a debt regardless of termination type under Section 27 of the Business Liquidation Act.

The Supreme Court ruled that rent payable under Section 27(1) of the Business Liquidation Act constitutes a debt independent of the specific termination procedure. The appellant argued that rent was only a debt if the termination was due to business failure, while the opposing party contended it was always a debt. The court decided that the statute mandates rent as a debt regardless of the termination method to ensure creditor protection during liquidation.