RAB Bank Limited, a banking company, has defaulted in the payment of dues to their catering contractor. Can the contractor, as an operational creditor initiate insolvency process against the bank- - Study24x7
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Finance/CA
40 followers study24x7 07 Apr 2021 01:45 PM study24x7 study24x7

RAB Bank Limited, a banking company, has defaulted in the payment of dues to their catering contractor. Can the contractor, as an operational creditor initiate insolvency process against the bank-

A

Yes, operational creditors are entitled

B

No, financial service providers are excluded

C

Yes, banking companies are covered under this code

D

No, catering is an excluded service under the Code

CLAT/CE-Law Finance/CA Class 12 (Com)
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