Which of the following are permissible modes of payment for dissenting financial creditors?
The Supreme Court in Kensington Boulevard Apartments Welfare Association & Ors v, the Supreme Court (2022) 1 SCC 401 held that the payment under Section 30(2)(b) could refer ‘only to payment of money and not anything of its equivalent in the nature of barter.’ And that the obligation of payment could only be discharged by handing over the quantum of money or enforcement of their security interest.