Into the light of one's foregoing, the fresh Sc concluded that a personal bank loan so you're able to good company's promoter otherwise director do not end up in CIRP under the IBC
About instant instance entitled Meters/S Radha Exports (India) Personal Limited v. K.P. Jayaram & Another the issue increased getting clarification before Top Courtroom was:
With regard to this issue, This new Sc listed the NCLAT was not lured to accept the newest appellant businesses declare that the full count was...
