https://www.taxtmi.com/caselaws?id=429030 The Tribunal dismissed the appeals, ruling that the Appellants were not considered Financial Creditors of the Corporate Debtor. The claims were rejected due to the absence of disbursement against the time value of money and the lack of suffered loss by the Appellants. The Tribunal found that the guarantees invoked did not meet the criteria for financial debt under the Insolvency and Bankruptcy Code. The rejection of claims by the Resolution Professional was upheld, emphasizing the insufficiency of evidence provided by the Appellants to support their claims. en-us Fri, 14 Oct 2022 00:00:00 +0530 Sat, 15 Oct 2022 18:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429030 The Tribunal dismissed the appeals, ruling that the Appellants were not considered Financial Creditors of the Corporate Debtor. The claims were rejected due to the absence of disbursement against the time value of money and the lack of suffered loss by the Appellants. The Tribunal found that the guarantees invoked did not meet the criteria for financial debt under the Insolvency and Bankruptcy Code. The rejection of claims by the Resolution Professional was upheld, emphasizing the insufficiency of evidence provided by the Appellants to support their claims. Case-Laws Insolvency and Bankruptcy Fri, 14 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429030