Financial Debt

Supreme Court clarifies the definition of “Financial Debt” under the Insolvency and Bankruptcy Code: Global Credit Capital vs. Sach Marketing (25 April 2024)

/ Financial Debt, Insolvency and Bankruptcy Code, 2016, Insolvency and Bankruptcy Code, 2016 with Section 5(8), Operational Debt

Supreme Court Clarifies Financial Creditor Status in IBC: Global Credit Capital vs. Sach Marketing (2024) LEGAL ISSUE: Whether a security deposit paid under a service agreement constitutes a financial debt under the Insolvency and Bankruptcy Code, 2016. CASE TYPE: Insolvency Law Case Name: Global Credit Capital Limited & Anr. vs. Sach Marketing Pvt. Ltd. & […]

Supreme Court clarifies the definition of “Financial Debt” under the Insolvency and Bankruptcy Code: Global Credit Capital vs. Sach Marketing (25 April 2024) Read Post »

Supreme Court Clarifies Financial Creditor Status Under IBC: NOIDA Lease Dues Not a Financial Debt (May 17, 2022)

/ Financial Debt, Functions of Authority, Hrishikesh Roy, Insolvency and Bankruptcy Code, 2016, Insolvency and Bankruptcy Code, 2016 with Section 5(8), Judges, K.M. Joseph, Operational Debt, Power to transfer Land, Uttar Pradesh Industrial Area Development Act, 1976

NOIDA Not a Financial Creditor Under IBC: Supreme Court Judgment Analysis LEGAL ISSUE: Whether a development authority, specifically NOIDA, qualifies as a financial creditor under the Insolvency and Bankruptcy Code (IBC) based on lease dues. CASE TYPE: Insolvency and Bankruptcy Law Case Name: New Okhla Industrial Development Authority vs. Anand Sonbhadra & Ors. Judgment Date:

Supreme Court Clarifies Financial Creditor Status Under IBC: NOIDA Lease Dues Not a Financial Debt (May 17, 2022) Read Post »

Supreme Court clarifies definition of Financial Debt under IBC for Interest-Free Loans: Orator Marketing vs. Samtex Desinz (2021)

/ Corporate Insolvency Resolution Process, Financial Debt, Indira Banerjee, Insolvency and Bankruptcy Code, 2016, Insolvency and Bankruptcy Code, 2016 with Section 5(8), Judges, V. Ramasubramanian

Supreme Court Clarifies Definition of Financial Debt Under IBC for Interest-Free Loans: Orator Marketing vs. Samtex Desinz (2021) LEGAL ISSUE: Whether an interest-free term loan for working capital qualifies as a “financial debt” under the Insolvency and Bankruptcy Code (IBC). CASE TYPE: Insolvency Law Case Name: M/s Orator Marketing Pvt. Ltd. vs. M/s Samtex Desinz

Supreme Court clarifies definition of Financial Debt under IBC for Interest-Free Loans: Orator Marketing vs. Samtex Desinz (2021) Read Post »

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