The National Company Law Appellate Tribunal ('NCLAT') New Delhi Bench, comprising Justice Ashok Bhushan (Chairperson), Mr. Barun Mitra (Technical Member), and Mr. Arun Baroka (Technical Member) held that the Optionally Convertible Debentures ('OCDs') are Financial Debt within the meaning of Section 5(8)(c) of Insolvency and Bankruptcy Code, 2016...
