Definition of Financial Debt u/s 5(8) of IBC do not provide disbursal to be made to CD: NCLAT [Read Order]
Definition of Financial Debt u/s 5(8) of IBC do not Provide Disbursal to be Made to CD, rules NCLAT
By Kalyani B. Nair - On February 29, 2024 10:00 am - 2 mins read
The National Company Law Appellate Tribunal ( NCLAT ) observed that the definition of financial debt under Section 5(8) of the Insolvency and Bankruptcy Code, 2016 ( IBC ) do not provide disbursal to be made to the Corporate Debtor ( CD ). The present Appeal has been filed under Section 61 of the Insolvency…
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