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IBC - Highlights / Catch Notes

Home Highlights August 2019 Year 2019 This

Initiation of CIRP - financial creditor or not - Admittedly the ...

Insolvency and Bankruptcy

August 22, 2019

Initiation of CIRP - financial creditor or not - Admittedly the appellant, IHFL, has disbursed the amount for consideration of time value of money in favour of borrower, Individual and not to the builder. Therefore, the builder is not the corporate debtor of the appellant and the application u/s 7 of I&B Code is not maintainable.

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