Assignee of Financial Creditor also Financial Creditor u/s 5 (7) of IBC: NCLT [Read Order]

Assignee of financial creditor also financial creditor u/s 5 (7) of IBC, rules NCLT
NCLT - IBC - Financial Creditor - u/s 5 (7) of IBC - National Company Law Tribunal - NCLT kolkata

The Kolkata Bench of the National Company Law Tribunal ( NCLT ) held that the assignee of the financial creditor is also financial creditor under Section 5 (7) of the Insolvency and Bankruptcy Code, 2016 (IBC). The Petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) by Assets Care & Reconstruction Enterprise…

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