financial information in such form and manner as may be specified; (b) safe and accurate recording of financial information; (c) authenticating and verifying the financial ... debt is owed and includes a financial creditor, an operational creditor, a secured creditor, an unsecured creditor and a decree holder; (11) "debt" means
Bankruptcy Code, 2016
7. Initiation of corporate insolvency resolution process by financial creditor.
(1) A financial creditor either by itself or jointly with [other financial ... includes a default in respect of a financial debt owed not only to the applicant financial creditor but to any other financial creditor
whichever is higher, and provides for the payment of debts of financial creditors, who do not vote in favour of the resolution plan, in such ... dated 18.1.2018] per cent. of voting share of the financial creditors, after considering its feasibility and viability [the manner of distribution proposed, which may take
party" shall not include a financial entity, regulated by a financial sector regulator, if it is a financial creditor of the corporate debtor ... party" shall not include a financial entity, regulated by a financial sector regulator, if it is a financial creditor of the corporate debtor
date of the commencement of the liquidation process. (2) A financial creditor may submit a claim to the liquidator by providing a record of such ... partly a financial creditor and partly an operational creditor shall submit claims to the liquidator to the extent of his financial debt in the manner
insolvency resolution process.
- Where any corporate debtor commits a default, a financial creditor, an operational creditor or the corporate debtor itself may initiate corporate insolvency
under sub-section (1) of section 53; (zka) [ such number of financial creditors and the manner of proposing the insolvency professional, and the form ... approving such insolvency professional by the financial creditors under clause (e), the persons who shall provide approval under the proviso to clause (e), the form
corporate debtor, constitute a committee of creditors. (2) The committee of creditors shall comprise all financial creditors of the corporate debtor: Provided that a [financial ... dated 17.8.2018.] the corporate debtor owes financial debts to two or more financial creditors as part of a consortium or agreement, each such financial creditor
process] [Inserted by Act No. 26 of 2021.] ; or (aa) [ a financial creditor or an operational creditor of a corporate debtor undergoing a pre-packaged ... corporate debtor or a financial creditor who has violated any of the terms of resolution plan which was approved twelve months before the date
service; or (c) the breach of a representation or warranty; (7) "financial creditor" means any person to whom a financial debt is owed and includes ... creditors which is based on the proportion of the financial debt owed to such financial creditor in relation to the financial debt owed
