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Financial Service
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....reeing to do so; (c) effecting contracts of insurance; (d) offering, managing or agreeing to manage assets consisting of financial products belonging to another person; (e) rendering or agreeing, for consideration, to render advice on or soliciting for the purposes of- * (i) buying, selling, or subscribing to, a financial product; * (ii) availing a financial service; or * (iii) exercis....
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....ikewise, section 167 of the I & B Code, 2016 provides that any debt extended by a person regulated for the provision of 'Financial Services' shall not be considered as an 'extortionate credit transaction'. INNOVATORS FACADE SYSTEMS LIMITED- [2019 (12) TMI 1406 - NATIONAL COMPANY LAW TRIBUNAL , MUMBAI BENCH] 10. The definition of financial services as defined under section 3(16) of IBC is not li....