Bank depositors should be recognised as financial creditors in IBC cases

The Insolvency and Bankruptcy Code, 2016 (IBC 2016) is applicable to insolvency resolution and liquidation of corporate persons, that is, a company as defined in the Companies Act, 2013, or the limited liability partnership as defined in the LLP Act, 2008.

from Banking/Finance-Industry-Economic Times https://ift.tt/2wKGXzY