https://www.taxtmi.com/highlights?id=56249 CIRP Proceedings - Operational Debts or Financial Debts - financial guarantor - The guarantee essentially was for payment against default in the sale consideration of the products agreed to be purchased respectively from Respondent Nos. 2 and 3. The guarantees being not a liability arising out of the transaction in terms of section 5(8)(f) of the Code, would not come within the purview of the financial debt. - Tri en-us Sat, 09 Jan 2021 20:52:59 +0530 Sat, 09 Jan 2021 20:52:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=56249 CIRP Proceedings - Operational Debts or Financial Debts - financial guarantor - The guarantee essentially was for payment against default in the sale consideration of the products agreed to be purchased respectively from Respondent Nos. 2 and 3. The guarantees being not a liability arising out of the transaction in terms of section 5(8)(f) of the Code, would not come within the purview of the financial debt. - Tri Highlights Insolvency and Bankruptcy Sat, 09 Jan 2021 20:52:59 +0530 https://www.taxtmi.com/highlights?id=56249