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A financial creditor is a broad term that encompasses individuals, companies, banks, financial institutions, or any other entity that has provided financial credit or loans to a debtor. It includes entities that have extended credit facilities such as loans, debentures, bonds, or any other form of financial assistance, and have a legally enforceable claim against the debtor. Under the IBC, financial creditors have the right to initiate insolvency proceedings against a debtor if the debtor fails to repay the financial debt. They have the power to file a petition for the resolution of the debtor's insolvency and participate in the insolvency resolution process.
Gross Profit Ratio for a firm remains same but the Net Profit Ratio is decreasing. The reason for this could be:
At which Indian National Congress session was Vande Mataram first sung?
In the parliamentary dignitaries is included:
1. Speaker of Lok Sabha
2. Deputy Speaker of Lok Sabha
3. General Secretary of Lok Sa...
Which region is famously rich in coal deposits?
The major copper deposits of India lie in the region of?
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The General Provident Fund (GPF) interest rate for October-December 2024 was kept unchanged at:
To whom did Aurangzeb send Garhwal to bring Suleman Shikoh, who had taken refuge at Prithvipati's place in Garhwal ?