https://www.taxtmi.com/caselaws?id=299826 A claim arising from land allotment and alleged secured charge was treated as governed by Article 62 of the Limitation Act rather than the residuary Article 137, so it could not be rejected as time-barred on that basis. The document also notes that lease-related or hire-purchase liability may, depending on the facts, fall within the statutory concept of financial debt under the Insolvency and Bankruptcy Code. The IRP was therefore required to examine the claim on merits instead of summarily rejecting it as outside the financial creditor category. en-us Mon, 10 Jun 2019 00:00:00 +0530 Fri, 31 Dec 2021 08:51:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299826 A claim arising from land allotment and alleged secured charge was treated as governed by Article 62 of the Limitation Act rather than the residuary Article 137, so it could not be rejected as time-barred on that basis. The document also notes that lease-related or hire-purchase liability may, depending on the facts, fall within the statutory concept of financial debt under the Insolvency and Bankruptcy Code. The IRP was therefore required to examine the claim on merits instead of summarily rejecting it as outside the financial creditor category. Case-Laws Insolvency and Bankruptcy Mon, 10 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299826