https://www.taxtmi.com/caselaws?id=417768 The Tribunal dismissed the appeal, ruling that the Appellant, characterized as a speculative investor, did not meet the criteria to be considered a financial creditor under the Insolvency and Bankruptcy Code (IBC). The investment made by the Appellant was deemed not to constitute financial debt, with the nature of the transaction emphasizing a focus on financial returns rather than possession of the flats. The Tribunal highlighted that speculative investors are not eligible for the privileges accorded to financial creditors under the IBC. en-us Mon, 31 Jan 2022 00:00:00 +0530 Tue, 01 Feb 2022 08:30:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417768 The Tribunal dismissed the appeal, ruling that the Appellant, characterized as a speculative investor, did not meet the criteria to be considered a financial creditor under the Insolvency and Bankruptcy Code (IBC). The investment made by the Appellant was deemed not to constitute financial debt, with the nature of the transaction emphasizing a focus on financial returns rather than possession of the flats. The Tribunal highlighted that speculative investors are not eligible for the privileges accorded to financial creditors under the IBC. Case-Laws Insolvency and Bankruptcy Mon, 31 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417768