Dilemma of interest-free loans as financial debt under IBC
August 28, 2021
INTRODUCTION The Supreme Court (SC) in the recent case of Orator Marketing Pvt. Ltd. vs. SamtexDesinz Pvt. Ltd had to decide whethera lender who has advanced interest-free loans to a corporate body can fall under the definition of financial creditor (‘FC’) and thereby whether such a lender can initiate the...
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