https://www.taxtmi.com/caselaws?id=294667 The Tribunal concluded that the Applicant, having subrogated all rights to HDFC Bank per the Tripartite Agreement, was not a financial creditor. Consequently, the petition under Section 9 of the IBC was rejected. The Tribunal also found that since the Applicant had assigned all rights to HDFC Bank, the issue of jurisdiction to entertain the petition became irrelevant. The Applicant was advised to pursue the refund claim through the appropriate forum as per the supplementary agreement. en-us Mon, 30 Jul 2018 00:00:00 +0530 Tue, 27 Apr 2021 12:14:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294667 The Tribunal concluded that the Applicant, having subrogated all rights to HDFC Bank per the Tripartite Agreement, was not a financial creditor. Consequently, the petition under Section 9 of the IBC was rejected. The Tribunal also found that since the Applicant had assigned all rights to HDFC Bank, the issue of jurisdiction to entertain the petition became irrelevant. The Applicant was advised to pursue the refund claim through the appropriate forum as per the supplementary agreement. Case-Laws Insolvency and Bankruptcy Mon, 30 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294667