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 person to whom a debt is owed and includes a financial creditor, an operational creditor, a secured creditor, an unsecured creditor Correct Answer Incorrect Answer
D 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

Solution

IBC Section 5 (7) “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.

Practice Next
×
×