https://www.taxtmi.com/caselaws?id=388594 The financial service provider exclusion under the Insolvency and Bankruptcy Code is not a blanket immunity; it applies only where the claim arises from the covered financial service. An insurance company facing claims for lease and licence dues and service tax could not rely on the fact that insurance is a financial service, because the debt in question did not arise from an insurance contract. With a valid Section 8 demand notice issued and the debt remaining unpaid, the petition was maintainable, moratorium under Section 14 followed, and corporate insolvency resolution process was initiated with appointment of an interim resolution professional. en-us Mon, 04 Nov 2019 00:00:00 +0530 Tue, 19 Nov 2019 11:51:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388594 The financial service provider exclusion under the Insolvency and Bankruptcy Code is not a blanket immunity; it applies only where the claim arises from the covered financial service. An insurance company facing claims for lease and licence dues and service tax could not rely on the fact that insurance is a financial service, because the debt in question did not arise from an insurance contract. With a valid Section 8 demand notice issued and the debt remaining unpaid, the petition was maintainable, moratorium under Section 14 followed, and corporate insolvency resolution process was initiated with appointment of an interim resolution professional. Case-Laws Insolvency and Bankruptcy Mon, 04 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388594