Differential Treatment between Operational and Financial Creditor Background of the terms In the past, creditors were typically divided into two main categories: “Secured and Unsecured Creditors. However, with the introduction of the Insolvency & Bankruptcy Code, 2016 (the Code), this classification expanded to include five distinct categories:”[i] Secured, Unsecured, Financial, Operational, and Decree Holder (as per Section 3(1 of the Code). This […] https://iiprd.wordpress.com/20....24/05/17/differentia
