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IBC - Highlights / Catch Notes

Home Highlights June 2019 Year 2019 This

Financial Creditor - CIRP under I&B Code - Agreement to Sell - ...


Appellant Classified as 'Financial Creditor' Under I&B Code for Fund Disbursement as Allottee in CIRP.

June 6, 2019

Case Laws     Insolvency and Bankruptcy     AT

Financial Creditor - CIRP under I&B Code - Agreement to Sell - It is clear that the Appellant is an ‘allottee’ and further the Agreement suggest that the amount was disbursed by him towards the consideration of time value of money - the Appellant comes within the meaning of ‘Financial Creditor’.

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