https://www.taxtmi.com/caselaws?id=410967 Valid service may be established where notice is sent by speed post and e-mail, the postal article is returned with refusal endorsement, the e-mail matches master data, and hand service is supported by affidavit. In the insolvency context, an arrangement described as an investment but providing assured returns, buy-back rights, and an option to retain or sell the unit may be treated as a financing transaction with the commercial effect of borrowing. On those facts, the allottee may be characterised as a speculative investor rather than a genuine buyer, affecting whether a Section 7 application can be sustained. en-us Thu, 12 Aug 2021 00:00:00 +0530 Fri, 13 Aug 2021 09:07:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410967 Valid service may be established where notice is sent by speed post and e-mail, the postal article is returned with refusal endorsement, the e-mail matches master data, and hand service is supported by affidavit. In the insolvency context, an arrangement described as an investment but providing assured returns, buy-back rights, and an option to retain or sell the unit may be treated as a financing transaction with the commercial effect of borrowing. On those facts, the allottee may be characterised as a speculative investor rather than a genuine buyer, affecting whether a Section 7 application can be sustained. Case-Laws Insolvency and Bankruptcy Thu, 12 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410967