https://www.taxtmi.com/highlights?id=57115 Initiation of CIRP - transaction of Financial Debt or not - Loan taken by the Corporate debtor from the sister concern was assigned by the said sister concern to the present applicant - The basic nature of the loan as witnessed from the Loan Agreement (Annexure A-2) will not change. If it was a simple debt extended to the sister concern, merely because the original lender has now assigned the debt to the Appellant will not change the nature of the transaction. - AT en-us Thu, 11 Mar 2021 11:32:05 +0530 Thu, 11 Mar 2021 11:32:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=57115 Initiation of CIRP - transaction of Financial Debt or not - Loan taken by the Corporate debtor from the sister concern was assigned by the said sister concern to the present applicant - The basic nature of the loan as witnessed from the Loan Agreement (Annexure A-2) will not change. If it was a simple debt extended to the sister concern, merely because the original lender has now assigned the debt to the Appellant will not change the nature of the transaction. - AT Highlights Insolvency and Bankruptcy Thu, 11 Mar 2021 11:32:05 +0530 https://www.taxtmi.com/highlights?id=57115