https://www.taxtmi.com/caselaws?id=379654 The Tribunal rejected the petition under Section 7 of the IBC as the Financial Creditor failed to prove the alleged debt and default by the Corporate Debtor. The invocation of pledged shares and ongoing arbitration proceedings were key considerations in the decision. The Tribunal found that the Financial Creditor did not establish the debt and default, especially given the pledged shares and unresolved arbitration matters. en-us Wed, 24 Oct 2018 00:00:00 +0530 Mon, 06 May 2019 08:28:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379654 The Tribunal rejected the petition under Section 7 of the IBC as the Financial Creditor failed to prove the alleged debt and default by the Corporate Debtor. The invocation of pledged shares and ongoing arbitration proceedings were key considerations in the decision. The Tribunal found that the Financial Creditor did not establish the debt and default, especially given the pledged shares and unresolved arbitration matters. Case-Laws Insolvency and Bankruptcy Wed, 24 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379654