If a financial creditor does not charge any interest on debt disbursed to a corporate debtor, then the debt does not qualify as a financial debt, if:
As per principal clause of Section 5(8) of the IBC, financial debt means a debt along with interest, if any, which is ‘disbursed against the consideration for the time value of money…’. Ingredients listed in option (b) and option (c) are not mandatory and are not part of principal clause.