Harshit patwa ( Hoshangabad )
24-Mar-2023 02:35 PM
IBC FAQ's no 30
Sir , in this faq it is stated that no adjustment can be made by the corporate debtor against any amount even if the corporate debtor acts as the creditor in that transaction But sir ese koi bhi transaction jo corporate debtor ke loye beneficial hai wo to allowed hote h na?
This can be because debtors are assets of the Corporate debtor. And one of the purpose of moratorium period is to Keep the corporate debtor’s assets together during the insolvency resolution process and facilitates orderly completion of the process.
Answer given by Shubhamm Sir at 28-Apr-2023 07:21 PM