Interest free loan to corporate person to be classified as Financial Debt u/s 5(8) of IBC

Conclusion: Loan to Corporate Person free of interest to be as classified Financial Debt in Section 5(8) of IBC  and therefore, a Financial Creditor was competent to initiate the Corporate Resolution Process under Section 7 of the IBC.

Held: The issue arose for consideration was whether a person who gav

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