https://www.taxtmi.com/caselaws?id=413064 The appeal was dismissed by the Tribunal as it found that the Appellant did not meet the criteria of a 'financial creditor' under the Insolvency and Bankruptcy Code due to the absence of a financial contract establishing the interest as a financial debt. Despite the Appellant's arguments and evidence, including notices from regulatory bodies, the Tribunal held that the interest on the principal amount did not qualify as a financial debt under the IBC. The appeal was dismissed at the admission stage for lack of intervention in the impugned order and insufficient basis for further consideration. en-us Fri, 01 Oct 2021 00:00:00 +0530 Mon, 04 Oct 2021 09:00:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413064 The appeal was dismissed by the Tribunal as it found that the Appellant did not meet the criteria of a 'financial creditor' under the Insolvency and Bankruptcy Code due to the absence of a financial contract establishing the interest as a financial debt. Despite the Appellant's arguments and evidence, including notices from regulatory bodies, the Tribunal held that the interest on the principal amount did not qualify as a financial debt under the IBC. The appeal was dismissed at the admission stage for lack of intervention in the impugned order and insufficient basis for further consideration. Case-Laws Insolvency and Bankruptcy Fri, 01 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413064