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Anusha Nair

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Why differential treatment of creditors under IBC does not amounts to discrimination

April 23, 2019 5292 Views 0 comment Print

Firstly, there is no real difference between financial and operational creditors as the debtor has an obligation to pay outstanding dues to both the types of creditors. This obligation exists either for the repayment of loans advanced or paying the price of the goods purchased or the services rendered. Hence the distinction lacks the backing of a sound logical differentia.

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