https://www.taxtmi.com/highlights?id=65737 Financial Creditors or not - On looking into the real nature of the transaction entered between the Corporate Debtor and the Landowners, the landowners were entitled to share the constructed area in the ratio of 45:55 and allotment of flats and commercial units in lieu of their entitlement under the Development Agreement does not make the transaction of allotment a Financial Debt within the meaning of Section 5(8)(f). - AT en-us Wed, 21 Sep 2022 12:44:25 +0530 Wed, 21 Sep 2022 12:44:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=65737 Financial Creditors or not - On looking into the real nature of the transaction entered between the Corporate Debtor and the Landowners, the landowners were entitled to share the constructed area in the ratio of 45:55 and allotment of flats and commercial units in lieu of their entitlement under the Development Agreement does not make the transaction of allotment a Financial Debt within the meaning of Section 5(8)(f). - AT Highlights Insolvency and Bankruptcy Wed, 21 Sep 2022 12:44:25 +0530 https://www.taxtmi.com/highlights?id=65737