Principal
Borrower nor owed any financial debt to the financial creditor
and had not committed any default in repayment of the stated
outstanding amount. This ... guarantee or indemnity, was also a
“financial debt” of the Corporate Debtor and for that reason, the
Financial Creditor respondent No. 1, could proceed under
debt is owed and includes a
financial creditor, an operational creditor, a secured creditor, an unsecured
creditor and a decree-holder;
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(11) “debt” means ... includes a default
in respect of a financial debt owed not only to the applicant financial creditor
but to any other financial creditor
includes a default in respect of a financial debt owed not only
10
to the Applicant Financial Creditor but also to any other
Financial Creditor ... debt is owed
and includes a financial creditor, an operational creditor, a
secured creditor, an unsecured creditor and a decree-holder;
(11) “debt” means
includes a
default in respect of a financial debt owed not only to the applicant
financial creditor but to any other financial creditor ... financial debt, the Adjudicating Authority has merely to see the
records of the information utility or other evidence produced by the
financial creditor, to satisfy
made by the Code between debts owed
to financial creditors and operational creditors. A
financial creditor has been defined under Section ... default is in respect of
a financial debt owed to any financial creditor of the
corporate debtor -- it need not be a debt owed
Code') filed by the Financial Creditor -
'Punjab National Bank' came to be admitted at the hands of the Adjudicating
Authority (National Company ... within the purview of 'financial debt', the status of parties before the
Adjudicating Authority as 'Financial Creditor' and 'Corporate Debtor
debt is owed and includes a
financial creditor, an operational creditor, a secured creditor, an unsecured
creditor and a decree-holder;
(11) “debt” means ... includes a
default in respect of a financial debt owed not only to the applicant financial
creditor but to any other financial creditor
whether there is a financial debt owed by the Corporate
Debtor to the Financial Creditor and whether the amount of the
5
debt exceeded ... PROVE
THE EXISTENCE OF FINANCIAL, DEBT, THE AMOUNT AND DATE OF DEFAULT
38. Section 7(3) requires a financial creditor making an application
under Section
secured
and unsecured creditors only, the IBC is unique because it provides for two different
classes of creditors: operational creditors and financial creditors. To understand ... financial creditors who are also
operational creditors will be given representation on the
committee of creditors only to the extent of their financial
debts. Nevertheless
made by the
Code between debts owed to financial creditors and
operational creditors. A financial creditor has been defined
under Section ... debt is owed
and includes a financial creditor, an operational creditor, a
secured creditor, an unsecured creditor and a decree-holder;
(11) "debt
