The NCLT dismissed JC Flowers ARC Pvt Ltd's liability claim against HDIL, ruling the debt was not a 'financial debt' under the IBC at the time of HDIL’s insolvency commencement. This decision emphasizes proper classification and timing for claims under insolvency procedures.
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.