TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Manuals
of of All Manuals
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Supreme Court: Interest-Free Loans Qualify as 'Financial Debt' Under Insolvency and Bankruptcy Code, 2016</h1> The Insolvency and Bankruptcy Code, 2016 defines 'financial debt' as a debt with or without interest, disbursed for the time value of money. It encompasses various forms of borrowing, including loans, bonds, lease liabilities, and amounts raised through real estate projects. The definition is expansive, covering transactions with the commercial effect of borrowing, such as advances for real estate projects. The Supreme Court has interpreted this to include even interest-free loans if they finance business operations. The definition aims to capture a wide range of financial transactions under the insolvency framework.
TaxTMI 
TaxTMI 
