https://www.taxtmi.com/highlights?id=61731 Initiation of CIRP - The Appellant, who is a speculative investor, cannot claim status and benefits as financial creditor under Explanation (i) of Section 5(8)(f) of the IBC, and is not interested in the financial well-being, growth and vitality of the Corporate Debtor, but is just interested in her investment and has come in the garb of an allottee. In such a situation, the Appellant is certainly not a financial creditor holding financial debt, which is in default of payment by the Corporate Debtor. - AT en-us Tue, 01 Feb 2022 08:30:39 +0530 Tue, 01 Feb 2022 08:30:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=61731 Initiation of CIRP - The Appellant, who is a speculative investor, cannot claim status and benefits as financial creditor under Explanation (i) of Section 5(8)(f) of the IBC, and is not interested in the financial well-being, growth and vitality of the Corporate Debtor, but is just interested in her investment and has come in the garb of an allottee. In such a situation, the Appellant is certainly not a financial creditor holding financial debt, which is in default of payment by the Corporate Debtor. - AT Highlights Insolvency and Bankruptcy Tue, 01 Feb 2022 08:30:39 +0530 https://www.taxtmi.com/highlights?id=61731