IBCInsolvency & Bankruptcy CodeMeaning And Scope Of A Finanical Creditor And Corporate Debtor Under The Insolvency And Bankruptcy Code, 2016
June 28, 2019by Krishna Grandhi and GLC Team
In the case of IndiaBulls Housing Finance Ltd. vs. Rudra Buildwell Projects Pvt. Ltd [Company Appeal (T) (insolvency) No. 172 of 2019] the question before NCLT is whether the appellant can claim to be a ‘Financial Creditor’ under the Insolvency and Bankruptcy Code, 2016 (“Code”) or not? In the above case, a tripartite agreement was...