https://www.taxtmi.com/caselaws?id=429081 A Section 7 application under the Insolvency and Bankruptcy Code was held not maintainable where the agreement was executed with a different entity, not the respondent, and no material showed that money was paid to the respondent or that any financial debt existed against it. An attachment order passed by the District Magistrate under Section 4 of the Haryana Protection of Interest of Depositors in Financial Establishment Act, 2013, was not a recovery certificate or money judgment capable of founding insolvency proceedings. The tribunal treated the earlier identical ruling as directly applicable and found that the applicants had not established financial creditor status or a prima facie basis for corporate insolvency resolution against the respondent. en-us Mon, 03 Oct 2022 00:00:00 +0530 Mon, 17 Oct 2022 13:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429081 A Section 7 application under the Insolvency and Bankruptcy Code was held not maintainable where the agreement was executed with a different entity, not the respondent, and no material showed that money was paid to the respondent or that any financial debt existed against it. An attachment order passed by the District Magistrate under Section 4 of the Haryana Protection of Interest of Depositors in Financial Establishment Act, 2013, was not a recovery certificate or money judgment capable of founding insolvency proceedings. The tribunal treated the earlier identical ruling as directly applicable and found that the applicants had not established financial creditor status or a prima facie basis for corporate insolvency resolution against the respondent. Case-Laws Insolvency and Bankruptcy Mon, 03 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429081