https://www.taxtmi.com/caselaws?id=428877 The Tribunal affirmed the Adjudicating Authority's decision that the transaction in question did not qualify as a "financial debt" under the Insolvency and Bankruptcy Code. The Appellant was not deemed a Financial Creditor, and the rental lease agreement was categorized as operational debt rather than financial debt. The appeal was dismissed, highlighting the importance of adhering to the precise definitions of financial and operational debts outlined in the IBC. en-us Tue, 11 Oct 2022 00:00:00 +0530 Thu, 13 Oct 2022 08:27:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428877 The Tribunal affirmed the Adjudicating Authority's decision that the transaction in question did not qualify as a "financial debt" under the Insolvency and Bankruptcy Code. The Appellant was not deemed a Financial Creditor, and the rental lease agreement was categorized as operational debt rather than financial debt. The appeal was dismissed, highlighting the importance of adhering to the precise definitions of financial and operational debts outlined in the IBC. Case-Laws Insolvency and Bankruptcy Tue, 11 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428877