Corporate Debtor's Share Pledge for WLD & BRASSCO Loans; Appellants Not Financial Creditors Per Insolvency Law.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Secured financial creditor or not - The creation of pledge of shares by the Corporate Debtor is said to be in regard to the money lent to WLD and BRASSCO. The Appellants not having advanced any money to the Corporate Debtor as a financial debt would not be coming within the purview of financial creditor of the Corporate Debtor. - AT....