TMI BlogFinancial Creditors or not - On looking into the real nature of the transaction entered between the...Financial Creditors or not - On looking into the real nature of the transaction entered between the Corporate Debtor and the Landowners, the landowners were entitled to share the constructed area in the ratio of 45:55 and allotment of flats and commercial units in lieu of their entitlement under the Development Agreement does not make the transaction of allotment a Financial Debt within the meaning of Section 5(8)(f). - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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