Financial creditors must prove enforceable debts; personal loans to friends not exempt under Assam Money Lenders Act, 1934.

Initiation of Corporate Insolvency Resolution Process - financial creditor (FC) - proof of enforceable debts - individual in lending business - FC failed to prove that lending money to friends not in the courses of a business is exempted from the purview of the Assam Money Lenders Act, 1934. .....

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