NCLAT: Amounts Listed As ‘Other Advances’ in Company’s Balance Sheet aren’t Financial Debt under IBC - (12 Dec 2025)
INSOLVENCY
NCLAT, Delhi, recently held that amounts recorded as “other advances” in a company’s balance sheet, including long-standing advances with no repayment demand, do not constitute borrowings and thus cannot be treated as financial debt under the Insolvency and Bankruptcy Code.
Tags : INSOLVENCY AND BANKRUPTCY CODE OTHER ADVANCES COMPANY
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