https://www.taxtmi.com/caselaws?id=428067 The Supreme Court upheld the Appellate Authority's decision in a case involving Loan-cum-Pledge Agreements, ruling that Doshi Holdings was considered a borrower, creating a financial debt owed to the Financial Creditor under the Insolvency and Bankruptcy Code. The petition under Section 7 of the IBC was deemed maintainable against Doshi Holdings. The Court dismissed the appeal, emphasizing that the interpretation of the agreements by the Appellate Authority was plausible and that proceedings under the IBC could be initiated against both Corporate Debtors without double recovery. en-us Thu, 22 Sep 2022 00:00:00 +0530 Fri, 23 Sep 2022 17:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428067 The Supreme Court upheld the Appellate Authority's decision in a case involving Loan-cum-Pledge Agreements, ruling that Doshi Holdings was considered a borrower, creating a financial debt owed to the Financial Creditor under the Insolvency and Bankruptcy Code. The petition under Section 7 of the IBC was deemed maintainable against Doshi Holdings. The Court dismissed the appeal, emphasizing that the interpretation of the agreements by the Appellate Authority was plausible and that proceedings under the IBC could be initiated against both Corporate Debtors without double recovery. Case-Laws Insolvency and Bankruptcy Thu, 22 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428067