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Security Refund of Advance Amount can't change nature of transaction into Financial Debt: NCLAT
The Principal Bench of the National Company Law Appellate Tribunal ( NCLAT ) has held that a security refund of advance amount can't change the...
![Loan to Corporate Person Free of Interest to be classified Financial Debt: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/07/Loan-Corporate-Person-free-of-interest-Financial-Debt-Supreme-Court-Taxscan.jpeg "Loan to Corporate Person Free of Interest to be classified Financial Debt: Supreme Court [Read Judgment]")
![Interest Free Loan could not be treated as a Financial Debt without evidence that the amount was disbursed for time Value of Money: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Financial-Debt-NCLAT-Interest-free-loan-time-value-of-money-Taxscan.jpg "Interest Free Loan could not be treated as a Financial Debt without evidence that the amount was disbursed for time Value of Money: NCLAT [Read Order]")