Supreme Court of India
China Development Bank v. Doha Bank Q.P.S.C. & Ors.
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From the headnote
Issue for Consideration Whether the appellants can be classified as ‘Financial Creditors’ within the meaning of s.5(7) of the Insolvency and Bankruptcy Code, 2016. Headnotes† Insolvency and Bankruptcy Code, 2016 – ss.5(7), 5(8) – ‘Financial creditors’ – Classification of the appellant as ‘financial creditors’ – Guarantee as financial debt – Requirement of occurrence of default – 1st respondent-bank claims to be a direct lender and secured financial creditor of reliance RITL- Corporate debtor – Corporate Insolvency Resolution Process initiated by National Company Law Tribunal in respect of
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