https://www.taxtmi.com/caselaws?id=299772 The Tribunal issued notices to the respondents in an appeal against the admission of an application under Section 7 of the Insolvency and Bankruptcy Code. The appellant contested that the financial debt causing the alleged default was below the threshold limit. The claim pertained to the revocation of shares, with arguments against the application of the time value of money to such revocation. The Tribunal directed the respondents to submit their replies within two weeks and allowed the appellant to file a rejoinder. The matter was scheduled for admission, with the Corporate Insolvency Resolution Process continuing pending the constitution of the Committee of Creditors. en-us Mon, 22 Feb 2021 00:00:00 +0530 Wed, 29 Dec 2021 08:44:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299772 The Tribunal issued notices to the respondents in an appeal against the admission of an application under Section 7 of the Insolvency and Bankruptcy Code. The appellant contested that the financial debt causing the alleged default was below the threshold limit. The claim pertained to the revocation of shares, with arguments against the application of the time value of money to such revocation. The Tribunal directed the respondents to submit their replies within two weeks and allowed the appellant to file a rejoinder. The matter was scheduled for admission, with the Corporate Insolvency Resolution Process continuing pending the constitution of the Committee of Creditors. Case-Laws Insolvency and Bankruptcy Mon, 22 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299772