This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Factoring of Trade Receivables Does Not Convert Operational Debt into Financial Debt: NCLAT Delhi
Case Law Details
- Case Name
- Canbank Factors Limited Vs Brijesh Singh Bhaduria (NCLAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- NCLAT
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
Canbank Factors Limited Vs Brijesh Singh Bhaduria (NCLAT Delhi)
The appeal was filed under Section 61 of the Insolvency and Bankruptcy Code, 2016 (IBC) challenging the order of the National Company Law Tribunal (NCLT), New Delhi, which had dismissed the appellant’s application seeking recognition of its claim as a Financial Creditor in the corporate insolvency resolution process (CIRP) of the Corporate Debtor. The appellant had also sought acceptance of its claim of ₹6.35 crore as financial debt.
The appellant, a Non-Banking Financial Company (NBFC) engaged in trade receiv...
Author Info
