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IBC - Highlights / Catch Notes

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Financial Creditors - The disbursal was made by CDR Lenders to ...

Insolvency and Bankruptcy

October 17, 2022

Financial Creditors - The disbursal was made by CDR Lenders to the Corporate Debtor and the Appellant(s) were Personal Guarantors/ Corporate Guarantors to guarantee the repayment of Financial Facilities extended to the Corporate Debtor. We fail to see as to how the Guarantors will become a ‘Financial Creditor’ of the Corporate Debtor. - AT

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