https://www.taxtmi.com/caselaws?id=359366 The Tribunal confirmed its jurisdiction over the matter based on the respondent's registered office location. It determined that the applicant did not qualify as a "Financial Creditor" under the Insolvency and Bankruptcy Code as the debt did not meet the criteria of a "financial debt." The presence of an arbitration clause did not prevent the application under the Code, and allegations of forum shopping were dismissed. The application was deemed not maintainable, and the petition was ultimately dismissed by the Tribunal. en-us Mon, 05 Mar 2018 00:00:00 +0530 Sat, 28 Apr 2018 07:10:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359366 The Tribunal confirmed its jurisdiction over the matter based on the respondent's registered office location. It determined that the applicant did not qualify as a "Financial Creditor" under the Insolvency and Bankruptcy Code as the debt did not meet the criteria of a "financial debt." The presence of an arbitration clause did not prevent the application under the Code, and allegations of forum shopping were dismissed. The application was deemed not maintainable, and the petition was ultimately dismissed by the Tribunal. Case-Laws Insolvency and Bankruptcy Mon, 05 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359366