Hello Professionals
What is the difference between an operational creditor and a Financial creditor?
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Dear Members, Please assist in case of initiation of Insolvency proceedings, Committee of Operational Creditors is mandatory to proceed likewise Financial Creditor? Or An individual operational creditor petition be considered for the same by NCLT?
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Dear Members, My query is whether' financial creditor' and 'operational creditor' are used only with reference to corporate debtor under insolvency and bankruptcy code 2016. kindly help me in this regard.
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