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IBC - Highlights / Catch Notes

Home Highlights November 2019 Year 2019 This

Initiation of CIRP - financial service provider, including an ...


Financial Service Providers Excluded from Corporate Debtor Definition; No CIRP Initiation Allowed by Creditors.

November 2, 2019

Case Laws     Insolvency and Bankruptcy     Tri

Initiation of CIRP - financial service provider, including an NBFC, is excluded from the definition of a corporate person and CD - no creditor can seek initiation of corporate insolvency resolution process against any financial service provider.

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