Lender could file insolvency plea when disbursement was made against consideration for time value of money: NCLAT

I & B Code: Where disbursement was made by respondent against 'consideration for time value of money' to derive benefit of development of Q-City, respondent came within meaning of 'financial creditor' and was eligible to file an application under section 7, there being a 'debt' and 'default' on part of 'corporate debtor'

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