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IBC - Highlights / Catch Notes

Home Highlights February 2018 Year 2018 This

Corporate insolvency process - eligible debt - Corporate person ...


Insolvency Process: NBFCs Not Excluded, Must Qualify as Financial Service Providers to Determine Eligible Debt.

February 21, 2018

Case Laws     Insolvency and Bankruptcy     Tri

Corporate insolvency process - eligible debt - Corporate person - Applicant-respondent cannot successfully claim that having accepted deposits he has become financial service provider. Code has not excluded NBFC as a class but has preferred to go by the test of financial service provider. - Tri

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