https://www.taxtmi.com/caselaws?id=416751 The appeal was allowed as the Respondent failed to prove the existence of the alleged loan, making them unable to establish Financial Creditor status under the IBC. Additionally, the application was found to be time-barred. Consequently, the Impugned Order was set aside, and the Corporate Debtor was released from the insolvency resolution process. en-us Thu, 06 Jan 2022 00:00:00 +0530 Thu, 06 Jan 2022 17:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416751 The appeal was allowed as the Respondent failed to prove the existence of the alleged loan, making them unable to establish Financial Creditor status under the IBC. Additionally, the application was found to be time-barred. Consequently, the Impugned Order was set aside, and the Corporate Debtor was released from the insolvency resolution process. Case-Laws Insolvency and Bankruptcy Thu, 06 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416751