https://www.taxtmi.com/highlights?id=48664 Maintainability CIRP application - the amount paid to the CD towards brokerage can be "financial debt"? - There is nothing on record to show that the financial creditor gave loan after complying the conditions stated in section 186(2),(3) of the Companies Act - the transaction as potrayed by the financial creditor against the CD cannot be recognized as the transaction of loan - hence There is no default in paying such debt - application dismissed en-us Fri, 16 Aug 2019 07:52:43 +0530 Fri, 16 Aug 2019 07:52:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=48664 Maintainability CIRP application - the amount paid to the CD towards brokerage can be "financial debt"? - There is nothing on record to show that the financial creditor gave loan after complying the conditions stated in section 186(2),(3) of the Companies Act - the transaction as potrayed by the financial creditor against the CD cannot be recognized as the transaction of loan - hence There is no default in paying such debt - application dismissed Highlights Insolvency and Bankruptcy Fri, 16 Aug 2019 07:52:43 +0530 https://www.taxtmi.com/highlights?id=48664