Holder of recovery certificate is financial creditor, entitled to initiate CIRP

Kotak Mahindra Bank Limited Vs A. Balakrishnan (Supreme Court)

Facts- The present appeal challenges the judgment and order passed by NCLAT, thereby allowing the appeal filed by the respondent no. 1 – Director and reversing the order passed by NCLT, whereby the application filed by the appellant under Section 7 of the Please become a Premium member. If you are already a Premium member, login here to access the full content.