CCDs cannot be treated as financial debt under IBC: NCLAT Chennai

Shubham Corporation Private Limited Vs Kotoju Vasudeva Rao (NCLAT Chennai)

In the case of Shubham Corporation Private Limited vs. Kotoju Vasudeva Rao, the National Company Law Appellate Tribunal (NCLAT) in Chennai adjudicated on whether Compulsory Convertible Debentures (CCDs) issued by Navayuga Infotech Private Limited to Shubham Corporation Private Limited (the Appellant) should be treated as financial debt under the Please become a Premium member. If you are already a Premium member, login here to access the full content.