https://www.taxtmi.com/caselaws?id=298569 The Financial Creditor filed an application under the Insolvency and Bankruptcy Code, 2016 against the Corporate Debtor for non-repayment of a loan and mortgage of flats without creating a charge. The Corporate Debtor claimed debt discharge through a Builder Buyer Agreement (BBA) dated 1.10.2016. The Tribunal found discrepancies in the parties' agreements, questioned the Corporate Debtor's delayed response, and dismissed the premature insolvency petition. The Financial Creditor was allowed to pursue other legal avenues based on the judgment. en-us Fri, 13 Sep 2019 00:00:00 +0530 Wed, 10 Nov 2021 07:00:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298569 The Financial Creditor filed an application under the Insolvency and Bankruptcy Code, 2016 against the Corporate Debtor for non-repayment of a loan and mortgage of flats without creating a charge. The Corporate Debtor claimed debt discharge through a Builder Buyer Agreement (BBA) dated 1.10.2016. The Tribunal found discrepancies in the parties' agreements, questioned the Corporate Debtor's delayed response, and dismissed the premature insolvency petition. The Financial Creditor was allowed to pursue other legal avenues based on the judgment. Case-Laws Insolvency and Bankruptcy Fri, 13 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298569