https://www.taxtmi.com/caselaws?id=385116 The Tribunal held that the Appellant effectively settled the debt by transferring the pledged shares to its name, regardless of whether the shares were sold. Section 176 of the Indian Contract Act was deemed inapplicable for collating claims under the I&B Code. The Resolution Professional's rejection of the claim was upheld, leading to the dismissal of the appeal. en-us Thu, 20 Jun 2019 00:00:00 +0530 Fri, 30 Aug 2019 07:26:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385116 The Tribunal held that the Appellant effectively settled the debt by transferring the pledged shares to its name, regardless of whether the shares were sold. Section 176 of the Indian Contract Act was deemed inapplicable for collating claims under the I&B Code. The Resolution Professional's rejection of the claim was upheld, leading to the dismissal of the appeal. Case-Laws Insolvency and Bankruptcy Thu, 20 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385116