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IBC - Highlights / Catch Notes

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Initiation of CIRP - Financial Debt - Converion of Debt into ...


Debt Converted to Capital Loses Financial Creditor Status in Insolvency Cases: Key Impact on Creditor Rights.

September 4, 2020

Case Laws     Insolvency and Bankruptcy     AT

Initiation of CIRP - Financial Debt - Converion of Debt into Capital - Once the ‘Debt’ is converted into “Capital” it cannot be termed as ‘Financial Debt’ and the Appellant cannot be described as ‘Financial Creditor’. - AT

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