Question

Who is a financial creditor under the IBC?

A Any person to whom a financial debt is owed Correct Answer Incorrect Answer
B Any person having a claim on the services of a second party Correct Answer Incorrect Answer
C Any person to whom a financial debt is owed and includes a person to whom such debt has been legally assigned or transferred to Correct Answer Incorrect Answer
D Both (a) & (b) Correct Answer Incorrect Answer
E Both (b) & (c) Correct Answer Incorrect Answer

Solution

Any person to whom a financial debt is owed and includes a person to whom such debt has been legally assigned or transferred to, as per Section 5 (7).

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