https://www.taxtmi.com/caselaws?id=403629 The Supreme Court held that the appellant was not a financial creditor of the corporate debtor as the pledge of shares did not constitute a financial debt under the Insolvency and Bankruptcy Code. The court dismissed the appeal, affirming the decisions of the Resolution Professional and the National Company Law Appellate Tribunal. The ruling clarified that the appellant's claim as a financial creditor was not valid, without affecting any other legal actions the appellant may pursue to establish its rights. en-us Wed, 03 Feb 2021 00:00:00 +0530 Fri, 23 Sep 2022 19:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403629 The Supreme Court held that the appellant was not a financial creditor of the corporate debtor as the pledge of shares did not constitute a financial debt under the Insolvency and Bankruptcy Code. The court dismissed the appeal, affirming the decisions of the Resolution Professional and the National Company Law Appellate Tribunal. The ruling clarified that the appellant's claim as a financial creditor was not valid, without affecting any other legal actions the appellant may pursue to establish its rights. Case-Laws Insolvency and Bankruptcy Wed, 03 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403629