Corporate Debtor was 'Non- Banking Financial Company' ('NBFC') having
assets size of more than Rs. 500 crores and therefore ... Appellants stated that the 2nd Respondent -
McDowell Holdings Limited is categorised as NBFC-CIC (exempted) (Non-
Banking Financial Company - Core Investment Company
full
(i) There is no guarantee of full Payment, especially when the NBFC
or HFC is under Insolvency, to FD Holders under ... merely provide that the license of an
HFC or NBFC may be cancelled if the deposit holders are not paid, or
the company court
full
(i) There is no guarantee of full Payment, especially when the NBFC
or HFC is under Insolvency, to FD Holders under ... merely provide that the license of an
HFC or NBFC may be cancelled if the deposit holders are not paid, or
the company court
whether the
Appellant is a Non-Banking Financial Company (NBFC) or not. In this regard,
Counsel for Appellant has referred to Annexure A3 appended with ... deposit. Counsel for
Appellant has also handed over a list of the NBFC dated 30.10.2023 in which
the name of the Corporate Debtor is specifically
whether the
Appellant is a Non-Banking Financial Company (NBFC) or not. In this regard,
Counsel for Appellant has referred to Annexure A3 appended with ... deposit. Counsel for
Appellant has also handed over a list of the NBFC dated 30.10.2023 in which
the name of the Corporate Debtor is specifically
under the I&B Code, 2016.
The Corporate Debtor is an NBFC and thus outside the scope of I&B Code. Further ... contention of the Appellant/Corporate Debtor that the Corporate
Debtor is an NBFC and is thus outside the scope of I&B Code
under the I&B Code, 2016.
The Corporate Debtor is an NBFC and thus outside the scope of I&B Code. Further ... contention of the Appellant/Corporate Debtor that the Corporate
Debtor is an NBFC and is thus outside the scope of I&B Code
noticed for deciding the Appeal
are:-
2
2.1. Appellant, an NBFC disbursed an amount of Rs.1,60,00,000/- to the
Corporate Debtor. Disbursement ... Banking Financial Company
has to issue a document wherein the NBFC states the amount of loan to be
sanctioned, the terms and conditions including
Director and concluded that certain
companies in the scheme were carrying on NBFC activities and approval of
Reserve Bank of India had not been taken ... Regional Director required compliance of two conditions for being treated as
NBFC namely that the company should satisfy that more than 50% of its assets
Appellant submits that the Corporate
Debtor is a Non-Banking Financial Company (NBFC) and an
application being I.A. No. 3534/2023 was filed bringing ... Bank against the Corporate Debtor,
which is a Non-Banking Financial Company (NBFC) could not have
been entertained.
Issue notice. Requisites alongwith process
