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Home Highlights October 2022 Year 2022 This

Initiation of CIRP - Financial Creditors - For an applicant to ...

Insolvency and Bankruptcy

October 12, 2022

Initiation of CIRP - Financial Creditors - For an applicant to be a financial creditor, a debt along with interest should be disbursed against the consideration time value of money, whereas in the present case the entries in the balance sheets by which the acknowledgment of debt claimed to be in limitation, do not show any interest accruing on the claimed loan amount- AT

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