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    <title>2021 (7) TMI 580 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL , PRINCIPAL BENCH , NEW DELHI</title>
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    <description>The appeal was dismissed, with the Tribunal ruling in favor of the Respondent, confirming the admission of the application under Section 7 of the Insolvency and Bankruptcy Code, upholding the financial creditor status and debt due and default of the claimed amount. The Tribunal found the debt to be a financial debt under the IBC, rejecting the Appellant&#039;s arguments regarding maintainability and default date determination. The appeal was dismissed without costs, with the Tribunal determining that the debt was not time-barred.</description>
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      <description>The appeal was dismissed, with the Tribunal ruling in favor of the Respondent, confirming the admission of the application under Section 7 of the Insolvency and Bankruptcy Code, upholding the financial creditor status and debt due and default of the claimed amount. The Tribunal found the debt to be a financial debt under the IBC, rejecting the Appellant&#039;s arguments regarding maintainability and default date determination. The appeal was dismissed without costs, with the Tribunal determining that the debt was not time-barred.</description>
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