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IBC - Highlights / Catch Notes

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CIRP - Home Buyers - Financial Creditors or not - scope of ...

Case Laws     Insolvency and Bankruptcy

October 21, 2023

CIRP - Home Buyers - Financial Creditors or not - scope of Financial Debt - The appellants are declared as financial creditors within the meaning of Section 5(8)(f) (Explanation) and entitled to be treated as such along with other home buyers/financial creditors for the purposes of the resolution plan which is awaiting final decision before the adjudicating authority. - SC

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