Update | Interest Free Loans is a Financial Debt: SC Clarifies

8/5/2021 0:00 News & Articles

Read the latest update authored by our Partner, P Ravi Charan.

Recently, the Supreme Court of India had the occasion to deal with a noteworthy question as to whether a person providing interest free loans be construed as financial creditor; thereby competent to initiate Section 7 petition under Insolvency & Bankruptcy Code 2016 (“IBC”).

Read the full update here.

Read the latest update authored by our Partner, P Ravi Charan.

Recently, the Supreme Court of India had the occasion to deal with a noteworthy question as to whether a person providing interest free loans be construed as financial creditor; thereby competent to initiate section 7 petition under Insolvency & Bankruptcy Code 2016 (“IBC”).

Read the full update here.