Interest free loan cannot be treated as financial debut without evidence that loan was disbursed for time value of money

Orator Marketing Pvt. Ltd. Vs Samtex Desinz Pvt. Ltd. (NCLAT Delhi)  Synopsis states and it is argued that it being related party transaction, the money was to be utilized by the Respondent for day to day activities and to develop business, and that same was consideration of time value of money. We are unable to accept this argument because the term “time value of money” has to be a consideration for the Financial Creditor. How the Corporate Debtor will be using the money, cannot be stated to be the consideration for time value of money for the Financial Creditor. It has also been argued ...