9911796707
TMI BlogDefinitionX X X X Extracts X X X X X X X X Extracts X X X X ..... ayment, whether or not such right is reduced to judgment, fixed, disputed, undisputed, legal, equitable, secured or unsecured; (b) right to remedy for breach of contract under any law for the time being in force, if such breach gives rise to a right to payment, whether or not such right is reduced to judgment, fixed, matured, unmatured, disputed, undisputed, secured or unsecured; (7) corporate person means a company as defined in clause (20) of section 2 of the Companies Act, 2013 (18 of 2013), a limited liability partnership, as defined in clause (n) of sub-section (1) of section 2 of the Limited Liability Partnership Act, 2008 (6 of 2009), or any other person incorporated with limited liability under any law for the time being in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... erson against any debt; (e) records of the balance sheet and cash-flow statements of the person; and (f) such other information as may be specified. (14) financial institution means- (a) a scheduled bank; (b) financial institution as defined in section 45-I of the Reserve Bank of India Act, 1934 (2 of 1934); (c) Public financial institution as defined in clause (72) of section 2 of the Companies Act, 2013 (18 of 2013); and (d) such other institution as the Central Government may by notification specify as a financial institution; (15) financial product means securities, contracts of insurance, deposits, credit arrangements including loans and advances by banks and financial institutions, retirement benefit plans, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tituted under any law for the time being in force to regulate services or transactions of financial sector and includes the Reserve Bank of India, the Securities and Exchange Board of India, the Insurance Regulatory and Development Authority of India, the Pension Fund Regulatory Authority and such other regulatory authorities as may be notified by the Central Government; (19) insolvency professional means a person enrolled under section 206 with an insolvency professional agency as its member and registered with the Board as an insolvency professional under section 207; (20) insolvency professional agency means any person registered with the Board under section 201 as an insolvency professional agency; (21) information utility ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cured creditor by a transaction which secures payment or performance of an obligation and includes mortgage, charge, hypothecation, assignment and encumbrance or any other agreement or arrangement securing payment or performance of any obligation of any person: Provided that security interest shall not include a performance guarantee; (32) specified means specified by regulations made by the Board under this Code and the term specify shall be construed accordingly; (33) transaction includes a agreement or arrangement in writing for the transfer of assets, or funds, goods or services, from or to the corporate debtor; (34) transfer includes sale, purchase, exchange, mortgage, pledge, gift, loan or any other form of transfe ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
