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IBC - Highlights / Catch Notes

Home Highlights April 2023 Year 2023 This

Appointment of a debenture trustee - financial creditors or not ...

Case Laws     Insolvency and Bankruptcy

April 13, 2023

Appointment of a debenture trustee - financial creditors or not - a conjoint reading of the Debenture Trust Deed and Deed of Guarantee clearly establishes that the amount claimed in demand certificate is to be paid directly to the Debenture Holders by Respondent No. 3, who is the Corporate Debtor within the provisions of the IBC. - The Adjudicating Authority has not committed any error in admitting the section 7 application filed by the respondents - AT

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