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NCLAT Holds That Unadjusted Trade Advance Constitutes Financial Debt Under Section 5(8) Of IBC
The National Company Law Appellate Tribunal ("NCLAT"), New Delhi Bench, through its judgment dated 03.07.2025 in Akzo Nobel India Ltd. v. Stan Cars Pvt. Ltd. held that unadjusted trade advance would amount to financial debt under Section 5(8) of IBC.
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