Creditor not become Financial Creditor if Corporate Debtor Only Gives Security by Pledging Shares without Undertaking to Discharge Borrower. (08.2.2021)

Creditor not become Financial Creditor if Corporate Debtor Only Gives Security by Pledging Shares without Undertaking to Discharge Borrower: SC in the case of  Phoenix Arc Pvt. Ltd. Vs Ketulbhai Ramubhai Patel (Supreme Court)