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- 13 Jun 2020
- Adv Swarnika Aggarwal
- Articles, Knowledge, Lawyers, COVID 19, IBC, Insolvency, Bankruptcy, IBBI,
Section 5(8) of Insolvency and Bankruptcy Code, 2016 define the term “financial Debt”:- As per clause (d) of the said section the amount of any liability in respect of any lease or hire purchase contract which is deemed as finance or capital lease under the Indian Accounting Standard or such other accounting standard as may be prescribed. Meaning of Financial or Capital Lease ......