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IBC - Highlights / Catch Notes

Home Highlights April 2019 Year 2019 This

The loan was disbursed against the consideration for time value ...


Loan Disbursement Confirms 'Financial Debt' Status; Applicant Recognized as 'Financial Creditor' Under Insolvency Laws.

April 13, 2019

Case Laws     Insolvency and Bankruptcy     Tri

The loan was disbursed against the consideration for time value of money with a clear commercial effect of borrowing - not only the present claim comes within the purview of ‘Financial Debt’ but also the applicant can clearly be termed as ‘Financial Creditor’

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