https://www.taxtmi.com/caselaws?id=418828 The Tribunal concluded that the landowner, intending to share profits from a venture via an MoU, did not qualify as a 'Financial Creditor' under the Insolvency and Bankruptcy Code. Additionally, the closure of Corporate Insolvency Resolution Process (CIRP) proceedings was deemed justified as the Corporate Debtor settled with the Operational Creditor, and the sole member of the Committee of Creditors was not a 'Financial Creditor'. The Tribunal dismissed the appeal without costs, finding no fault in the Adjudicating Authority's decision. en-us Thu, 24 Feb 2022 00:00:00 +0530 Fri, 25 Feb 2022 08:34:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418828 The Tribunal concluded that the landowner, intending to share profits from a venture via an MoU, did not qualify as a 'Financial Creditor' under the Insolvency and Bankruptcy Code. Additionally, the closure of Corporate Insolvency Resolution Process (CIRP) proceedings was deemed justified as the Corporate Debtor settled with the Operational Creditor, and the sole member of the Committee of Creditors was not a 'Financial Creditor'. The Tribunal dismissed the appeal without costs, finding no fault in the Adjudicating Authority's decision. Case-Laws Insolvency and Bankruptcy Thu, 24 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418828