https://www.taxtmi.com/caselaws?id=353579 The National Company Law Appellate Tribunal dismissed the appeal filed by a Shareholder/Director of a Corporate Debtor against the admission of an insolvency application under Section 7 of the Insolvency and Bankruptcy Code, 2016. The respondent, identified as a Financial Creditor despite also being a trustee, was found to have filed the application in the capacity of a Financial Creditor. The Tribunal held that as the application was complete and valid, there was no justification to overturn the initial order. The appeal was therefore dismissed without costs. en-us Mon, 20 Nov 2017 00:00:00 +0530 Mon, 08 Jan 2018 09:22:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353579 The National Company Law Appellate Tribunal dismissed the appeal filed by a Shareholder/Director of a Corporate Debtor against the admission of an insolvency application under Section 7 of the Insolvency and Bankruptcy Code, 2016. The respondent, identified as a Financial Creditor despite also being a trustee, was found to have filed the application in the capacity of a Financial Creditor. The Tribunal held that as the application was complete and valid, there was no justification to overturn the initial order. The appeal was therefore dismissed without costs. Case-Laws Insolvency and Bankruptcy Mon, 20 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353579