https://www.taxtmi.com/caselaws?id=372669 The Tribunal dismissed the appeal filed by a Shareholder challenging the admission of an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 by a Financial Creditor. The Adjudicating Authority found a debt payable to the Creditor and admitted the application based on the occurrence of a default. Allegations of fraud and malafide intentions by the Bank were rejected, and the Tribunal concluded there were no legal grounds to interfere with the admission order. The appeal was dismissed, affirming the Adjudicating Authority's decision to admit the application under Section 7 of the I&B Code. en-us Mon, 22 Oct 2018 00:00:00 +0530 Thu, 27 Dec 2018 16:00:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372669 The Tribunal dismissed the appeal filed by a Shareholder challenging the admission of an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 by a Financial Creditor. The Adjudicating Authority found a debt payable to the Creditor and admitted the application based on the occurrence of a default. Allegations of fraud and malafide intentions by the Bank were rejected, and the Tribunal concluded there were no legal grounds to interfere with the admission order. The appeal was dismissed, affirming the Adjudicating Authority's decision to admit the application under Section 7 of the I&B Code. Case-Laws Insolvency and Bankruptcy Mon, 22 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372669