https://www.taxtmi.com/caselaws?id=366694 The Supreme Court analyzed the interpretation of Section 7(3)(a) of the Companies Act in a case involving filing requirements for petitions by financial creditors. The Court held that certain requirements, such as obtaining a certificate from Indian financial institutions, may be impractical for foreign companies. It concluded that the judgment in a previous case involving operational creditors should apply to financial creditors as well. The Court affirmed the validity of a petition filed by an advocate on behalf of a foreign financial creditor, emphasizing practical challenges faced by foreign entities in meeting filing requirements. en-us Fri, 03 Aug 2018 00:00:00 +0530 Sat, 08 Sep 2018 08:10:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366694 The Supreme Court analyzed the interpretation of Section 7(3)(a) of the Companies Act in a case involving filing requirements for petitions by financial creditors. The Court held that certain requirements, such as obtaining a certificate from Indian financial institutions, may be impractical for foreign companies. It concluded that the judgment in a previous case involving operational creditors should apply to financial creditors as well. The Court affirmed the validity of a petition filed by an advocate on behalf of a foreign financial creditor, emphasizing practical challenges faced by foreign entities in meeting filing requirements. Case-Laws Insolvency and Bankruptcy Fri, 03 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366694