https://www.taxtmi.com/caselaws?id=402979 An agreement executed on Maharashtra stamp paper issued in 2014 but used for a 25.01.2017 transaction was treated as invalid under Section 52B of the Maharashtra Stamp Act, 1958, because the paper had remained unused beyond the prescribed period. The claim was also not supported by the corporate debtor's income-tax records, and the resolution professional objected to the supporting loan documents. On that basis, the applicant was not recognised as a financial creditor, the claim was not admitted in the CIRP, and participation in the committee of creditors was refused. en-us Wed, 06 Jan 2021 00:00:00 +0530 Sat, 16 Jan 2021 22:12:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402979 An agreement executed on Maharashtra stamp paper issued in 2014 but used for a 25.01.2017 transaction was treated as invalid under Section 52B of the Maharashtra Stamp Act, 1958, because the paper had remained unused beyond the prescribed period. The claim was also not supported by the corporate debtor's income-tax records, and the resolution professional objected to the supporting loan documents. On that basis, the applicant was not recognised as a financial creditor, the claim was not admitted in the CIRP, and participation in the committee of creditors was refused. Case-Laws Insolvency and Bankruptcy Wed, 06 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402979