https://www.taxtmi.com/caselaws?id=294058 The National Company Law Appellate Tribunal dismissed the premature appeal challenging the finding of 'financial debt' without considering default and admission under Section 7 of the Insolvency and Bankruptcy Code, 2016. The Tribunal emphasized the necessity of assessing default along with the debt claim before commencing the Corporate Insolvency Resolution Process. The appeal was deemed premature as the application under Section 7 had not been decided on admission or rejection. The judgment clarified that the Appellant could raise all issues in a subsequent appeal if aggrieved by an admission order under Section 7. en-us Mon, 16 Mar 2020 00:00:00 +0530 Thu, 18 Mar 2021 09:30:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294058 The National Company Law Appellate Tribunal dismissed the premature appeal challenging the finding of 'financial debt' without considering default and admission under Section 7 of the Insolvency and Bankruptcy Code, 2016. The Tribunal emphasized the necessity of assessing default along with the debt claim before commencing the Corporate Insolvency Resolution Process. The appeal was deemed premature as the application under Section 7 had not been decided on admission or rejection. The judgment clarified that the Appellant could raise all issues in a subsequent appeal if aggrieved by an admission order under Section 7. Case-Laws Insolvency and Bankruptcy Mon, 16 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294058