https://www.taxtmi.com/caselaws?id=394068 The appellate tribunal upheld the categorization of share application money as a financial debt but set aside the direction for refund and revival of the application due to the lack of established default. The tribunal provided an opportunity for the financial creditor to address the deficiencies and file a new application, keeping the question of limitation open for future consideration. en-us Tue, 26 Nov 2019 00:00:00 +0530 Sat, 05 Dec 2020 13:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394068 The appellate tribunal upheld the categorization of share application money as a financial debt but set aside the direction for refund and revival of the application due to the lack of established default. The tribunal provided an opportunity for the financial creditor to address the deficiencies and file a new application, keeping the question of limitation open for future consideration. Case-Laws Insolvency and Bankruptcy Tue, 26 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394068