financial creditor means any person to whom a financial debt is owed and includes a person to whom such debt has been legally assigned or transferred to;
financial creditor means the financial creditor, as defined under the IBC, of the Corporate Debtor.
financial creditor means any person to whom a financial debt is owed and includes
Examples of financial creditor in a sentence
For clarification purposes, in the event of Extraordinary Payment to the Financial Creditors made in favor of more than one Financial Creditor, it shall be considered, for the purpose of this CCB, the highest value paid within the scope of any Financial Agreement, without calculation duplication.
For the purposes of clarification, in the case of Extraordinary Payment to Financial Creditor performed in favor of more than one Financial Creditor, for the purposes of this CCB, the highest value paid under any Financial Agreement, without duplication of calculation, shall be considered.
More Definitions of financial creditor
financial creditor means a financial creditor as defined under the Insolvency and Bankruptcy Code, or any other Applicable Law.
financial creditor means any person to whom a financial debt is owed and includes a person to whom such debt has been legally assigned or transferred to. "Financial debt" means a debt along with interest, if any, which is disbursed and includes (a) money borrowed against the payment of interest; (b) any amount raised by acceptance under any acceptance credit facility; (c) any amount raised on the issue of bonds, notes, debentures, loan stock or- An operational creditor2 may, on the occurrence of a default, serve a notice of demand to the company with a copy of the invoice demanding payment of the amount involved in the default.The company may, within a period of ten days of the receipt of the demand notice or copy of the invoice bring to the notice of the operational creditor (a) existence of a dispute, if any, and record of the pendency of the suit or arbitration proceedings filed before the receipt of such notice or invoice in relation to such dispute; or (b) the payment of unpaid operational debt by sending an attested copy of the record of electronic transfer of the unpaid amount from the bank account of the company; or an attested copy of record that the operational creditor has encashed a cheque issued by the company.After the expiry of the period of ten days from the date of delivery of the notice or invoice demanding payment, if the operational creditor does not receive payment from the company or notice of the dispute, the operational creditor may file an application before Tribunal for initiating a corporate insolvency resolution process.
financial creditor means any person to whom a
financial creditor means any person to whom a financial debt is owed and includes a person to whom such debt has been legally assigned or transferred to [Section 5(7)]. CS Vaibhav Chitlangia (9709107560) YES Academy (8888235235)
financial creditor means any person to whom a financial debt is owed
financial creditor means any Financial Institution which has entered into this Agreement and has a Claim against a Debtor Company.
financial creditor means a creditor in respect of Financial Indebtedness of any member of the Group.