https://www.taxtmi.com/caselaws?id=399760 The Tribunal dismissed the application under Section 7, ruling that the Corporate Debtor was not liable as a guarantor under the "Unattested Pledge Agreement." It was determined that the agreement solely pertained to the pledge of shares and did not create any guarantee obligation for the Corporate Debtor. As a result, the Corporate Debtor was not considered a debtor under the Insolvency & Bankruptcy Code, and the petition was rejected with no costs awarded. en-us Thu, 13 Feb 2020 00:00:00 +0530 Mon, 19 Oct 2020 09:56:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399760 The Tribunal dismissed the application under Section 7, ruling that the Corporate Debtor was not liable as a guarantor under the "Unattested Pledge Agreement." It was determined that the agreement solely pertained to the pledge of shares and did not create any guarantee obligation for the Corporate Debtor. As a result, the Corporate Debtor was not considered a debtor under the Insolvency & Bankruptcy Code, and the petition was rejected with no costs awarded. Case-Laws Insolvency and Bankruptcy Thu, 13 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399760