https://www.taxtmi.com/caselaws?id=281892 The Appellate Tribunal dismissed the appeal, ruling that the Appellant did not qualify as a 'Financial Creditor' under the Insolvency and Bankruptcy Code, 2016. The Tribunal found that the pledged shares did not meet the criteria for a financial transaction as defined in the Code. The detailed analysis of the agreements and legal provisions clarified the determination of creditor status and highlighted that not all creditors have the right to initiate insolvency proceedings under the Code. en-us Tue, 09 Apr 2019 00:00:00 +0530 Tue, 09 Mar 2021 15:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281892 The Appellate Tribunal dismissed the appeal, ruling that the Appellant did not qualify as a 'Financial Creditor' under the Insolvency and Bankruptcy Code, 2016. The Tribunal found that the pledged shares did not meet the criteria for a financial transaction as defined in the Code. The detailed analysis of the agreements and legal provisions clarified the determination of creditor status and highlighted that not all creditors have the right to initiate insolvency proceedings under the Code. Case-Laws Insolvency and Bankruptcy Tue, 09 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281892