https://www.taxtmi.com/highlights?id=55006 Initiation of CIRP - The petitioner is the dominus litis and the onus probandi lies on the petitioner to establish the crucial ingredient of time value of money, as required under section 5(8) of the Code and the judicial pronouncements discussed in the transaction under consideration. But the petitioner failed on this count. Hence, the amount claimed is not a financial debt. - Tri en-us Mon, 05 Oct 2020 07:12:30 +0530 Mon, 05 Oct 2020 07:12:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=55006 Initiation of CIRP - The petitioner is the dominus litis and the onus probandi lies on the petitioner to establish the crucial ingredient of time value of money, as required under section 5(8) of the Code and the judicial pronouncements discussed in the transaction under consideration. But the petitioner failed on this count. Hence, the amount claimed is not a financial debt. - Tri Highlights Insolvency and Bankruptcy Mon, 05 Oct 2020 07:12:30 +0530 https://www.taxtmi.com/highlights?id=55006