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IBC - Highlights / Catch Notes

Home Highlights February 2021 Year 2021 This

Initiation of CIRP - Section 3(10) of The Insolvency and ...

Insolvency and Bankruptcy

February 22, 2021

Initiation of CIRP - Section 3(10) of The Insolvency and Bankruptcy Code 2016 defines ‘Creditor’ and even in the said definition a ‘Decree Holder’ cannot be excluded to file an Application under the Code. Going by the definition 3(10) of ‘Creditor’, it includes ‘Financial Creditor’, ‘Operational Creditor’. - AT

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