https://www.taxtmi.com/caselaws?id=290823 The Petition was dismissed by the Tribunal as the Director's investment in his own company did not meet the criteria of a financial debt under the Insolvency & Bankruptcy Code, 2016. The Tribunal emphasized the strict interpretation of the Code and the exclusion of related parties from the Committee of Creditors. The case was decided on technical grounds, disregarding concerns about the Petitioner's health condition and the validity of the Special Power of Attorney. en-us Fri, 07 Jul 2017 00:00:00 +0530 Mon, 19 Oct 2020 09:08:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290823 The Petition was dismissed by the Tribunal as the Director's investment in his own company did not meet the criteria of a financial debt under the Insolvency & Bankruptcy Code, 2016. The Tribunal emphasized the strict interpretation of the Code and the exclusion of related parties from the Committee of Creditors. The case was decided on technical grounds, disregarding concerns about the Petitioner's health condition and the validity of the Special Power of Attorney. Case-Laws Insolvency and Bankruptcy Fri, 07 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290823