Whether interest free loan to corporate debtor is not financial debt
Last updated: 15 July 2022
Court :
Supreme Court of India
Brief :
THE APEX COURT HELD that lender giving interest free loan to Corporate Debtor in case of non -payment of the same is a Financial Creditor and eligible to apply for initiation of insolvency process under IBC,2016.
Citation :
Supreme Court of India Civil Appeal No. 2231 of 2021
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FCS Deepak Pratap Singh
Published in Corporate Law
Views : 147
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