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 »