Appellant's Financial Creditor Claim Rejected: Earnest Money Lacks Time Value Consideration per Adjudicating Authority's Decision.

Appellant's Financial Creditor Claim Rejected: Earnest Money Lacks Time Value Consideration per Adjudicating Authority's Decision. https://www.taxtmi.com/highlights?id=64858 Approval of resolution plan - Rejection of the claim of the appellant as Financial Creditors - payment of Earnest Money - The disbursement was not in consideration for the time value of money - Essential condition for accepting a debt to be financial debt being absent, we are of the view that Adjudicating Authority has not committed any error in rejecting the claim of the Appellant as Financial Creditor. - AT en-us Fri, 29 Jul 2022 09:15:17 +0530 Fri, 29 Jul 2022 09:15:17 +0530 TaxTMI RSS Generator Appellant's Financial Creditor Claim Rejected: Earnest Money Lacks Time Value Consideration per Adjudicating Authority's Decision. https://www.taxtmi.com/highlights?id=64858 Approval of resolution plan - Rejection of the claim of the appellant as Financial Creditors - payment of Earnest Money - The disbursement was not in consideration for the time value of money - Essential condition for accepting a debt to be financial debt being absent, we are of the view that Adjudicating Authority has not committed any error in rejecting the claim of the Appellant as Financial Creditor. - AT Highlights Insolvency and Bankruptcy Fri, 29 Jul 2022 09:15:17 +0530 https://www.taxtmi.com/highlights?id=64858