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IBC - Highlights / Catch Notes

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Initiation of CIRP u/s 7 - money lent to Corporate Debtor or not ...

Case Laws     Insolvency and Bankruptcy

March 4, 2023

Initiation of CIRP u/s 7 - money lent to Corporate Debtor or not - Homebuyer or Lender? - it is unequivocal that the Appellant is a homebuyer and there is no such documentary evidence to establish that the Appellant is a Financial Creditor, who lent the money to the Corporate Debtor within the meaning of Section 5(7) of the I&B Code, 2016. - AT

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