NBFCs Are Outside The Purview Of Insolvency & Bankruptcy Code: NCLAT [Read Judgment]

National Company Law Appellate Tribunal has held that Non-Banking Financial Corporation do not fall under the purview of Insolvency & Bankruptcy Code. It was noted that the respondent is a non-banking financial institution and is carrying on business of a financial institution and thereby it being financial service provider, it does not come within the meaning of...