Skip to content

Orator Marketing Pvt. Ltd. v. Samtex Desinz Pvt. Ltd.

Insolvency and Bankruptcy Code, 2016 – Whether a person who gives a term loan to a Corporate Person, free of interest, on account of its working capital requirements is not a Financial Creditor, and therefore, incompetent to initiate the Corporate Resolution Process under Section 7 of the IBC. AIR 2021 SC 4040 : JT 2021 (7) SC 223 : 2021 (8) SCALE 615