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Amount claimed to be transferred to corporate debtor couldn’t be termed as ‘financial debt’ without any evidence

July 30, 2020[2020] 117 909 (NCLT - New Delhi)

IBC : Where financial creditor claimed to have advanced loan to corporate debtor, since financial creditor could not place on record any documentary evidence to suggest that amount claimed to have transferred by it to corporate debtor were advanced as loan, alleged loan amount could not be termed as 'financial debt'

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