https://www.taxtmi.com/caselaws?id=396889 The Appellate Tribunal upheld the Adjudicating Authority's decision to dismiss the Application under Section 7 of the Insolvency and Bankruptcy Code, 2016. The appeal, filed by a Financial Creditor, was based on a loan agreement with the Respondent, but the Adjudicating Authority determined it to be a Builder Buyer arrangement instead. The Tribunal found no charge created on the security flats and emphasized the need for Corporate Debtor resolution. Despite claims of a settlement agreement, the Tribunal dismissed the appeal, concluding that the existing agreements and transactions did not support the Application under Section 7. en-us Thu, 05 Mar 2020 00:00:00 +0530 Fri, 24 Jul 2020 08:31:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396889 The Appellate Tribunal upheld the Adjudicating Authority's decision to dismiss the Application under Section 7 of the Insolvency and Bankruptcy Code, 2016. The appeal, filed by a Financial Creditor, was based on a loan agreement with the Respondent, but the Adjudicating Authority determined it to be a Builder Buyer arrangement instead. The Tribunal found no charge created on the security flats and emphasized the need for Corporate Debtor resolution. Despite claims of a settlement agreement, the Tribunal dismissed the appeal, concluding that the existing agreements and transactions did not support the Application under Section 7. Case-Laws Insolvency and Bankruptcy Thu, 05 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396889