https://www.taxtmi.com/caselaws?id=364326 The tribunal dismissed the application under Section 7 of the Insolvency & Bankruptcy Code, 2016, as the Financial Creditor failed to prove default in repayment of the unsecured loan. The tribunal found the application to be an attempt to defraud the Corporate Debtor and its genuine creditors, emphasizing that the debt was not due for repayment until the bank loan was fully liquidated in 2018. en-us Tue, 19 Jun 2018 00:00:00 +0530 Thu, 26 Jul 2018 08:55:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=364326 The tribunal dismissed the application under Section 7 of the Insolvency & Bankruptcy Code, 2016, as the Financial Creditor failed to prove default in repayment of the unsecured loan. The tribunal found the application to be an attempt to defraud the Corporate Debtor and its genuine creditors, emphasizing that the debt was not due for repayment until the bank loan was fully liquidated in 2018. Case-Laws Insolvency and Bankruptcy Tue, 19 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=364326