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
    More Other Laws and Acts Questions

    Relevant for Exams:

    Hey, Don't leave. If you have any queries regarding any exam let us know here.

    ask-question