https://www.taxtmi.com/caselaws?id=374020 The tribunal dismissed the petition as not maintainable, ruling that the applicant failed to prove the debt was a "financial debt" under the Insolvency and Bankruptcy Code and that the authenticity of the loan agreement was in question. The tribunal emphasized that the applicant did not qualify as a "financial creditor," leading to the application under Section 7 of the Code being deemed not maintainable. The parties were advised to resolve the dispute through a competent forum. en-us Wed, 02 Jan 2019 00:00:00 +0530 Thu, 24 Jan 2019 07:27:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374020 The tribunal dismissed the petition as not maintainable, ruling that the applicant failed to prove the debt was a "financial debt" under the Insolvency and Bankruptcy Code and that the authenticity of the loan agreement was in question. The tribunal emphasized that the applicant did not qualify as a "financial creditor," leading to the application under Section 7 of the Code being deemed not maintainable. The parties were advised to resolve the dispute through a competent forum. Case-Laws Insolvency and Bankruptcy Wed, 02 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374020