Insolvency and Bankruptcy Code, 2016
"A perusal of the definition of "financial creditor" and "financial debt" makes it clear that a financial debt is a debt together with interest, if any, which is disbursed against the consideration for time value of money. It may further be money that is borrowed or raised in any of the manners prescribed in Section 5(8) or otherwise, as Section 5(8) is an inclusive definition."
Swiss Ribbons Pvt. Ltd v. Union of India [2019] GCtR 1313 (SC)
No comments:
Post a Comment