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            Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.

            Provisions expressly mentioned in the judgment/order text.

            <h1>Financial debt under Section 5(8) includes time value of money as compensation for money duration</h1> The Insolvency Law Committee report dated 26-3-2018 interpreted 'time value of money' under Section 5(8) of the Code as compensation or price paid for the duration money remains disbursed. This interpretation encompasses interest payments on borrowed money or factoring discounts in payments. The definition of 'financial debt' uses 'includes' indicating the listed categories are illustrative, not exhaustive. Courts have applied this interpretation in limited cases under the Code, establishing that time value represents the cost of money over time.

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