https://www.taxtmi.com/caselaws?id=387562 The Tribunal held that the claim of the Appellant did not qualify as a 'financial debt' under Section 5(8) of the Insolvency and Bankruptcy Code. The agreements and correspondence did not establish that the amount paid was against the consideration for Time Value of Money. As a result, the appeal against the dismissal of the application for Corporate Insolvency Resolution Process was rejected, with no costs awarded. en-us Wed, 23 Oct 2019 00:00:00 +0530 Fri, 25 Oct 2019 13:44:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387562 The Tribunal held that the claim of the Appellant did not qualify as a 'financial debt' under Section 5(8) of the Insolvency and Bankruptcy Code. The agreements and correspondence did not establish that the amount paid was against the consideration for Time Value of Money. As a result, the appeal against the dismissal of the application for Corporate Insolvency Resolution Process was rejected, with no costs awarded. Case-Laws Insolvency and Bankruptcy Wed, 23 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387562