https://www.taxtmi.com/caselaws?id=412146 The petition filed under Section 7 of the IBC, 2016 was rejected as the Financial Creditor failed to establish a valid debt claim, the existence of a binding agreement, and compliance with the limitation period. The Tribunal held that the Financial Creditor did not qualify as a "Financial Creditor" under the IBC, 2016, and thus, the petition was not admissible for initiating the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. en-us Thu, 05 Aug 2021 00:00:00 +0530 Sat, 11 Sep 2021 09:55:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412146 The petition filed under Section 7 of the IBC, 2016 was rejected as the Financial Creditor failed to establish a valid debt claim, the existence of a binding agreement, and compliance with the limitation period. The Tribunal held that the Financial Creditor did not qualify as a "Financial Creditor" under the IBC, 2016, and thus, the petition was not admissible for initiating the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. Case-Laws Insolvency and Bankruptcy Thu, 05 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412146