https://www.taxtmi.com/caselaws?id=429735 The Tribunal found that the Adjudicating Authority erred in not recognizing the appellant as a financial creditor and the loans as financial debt. The judgment-decree from the Hon'ble Delhi High Court provided a fresh cause of action under Section 7 of the IBC. Consequently, the Tribunal set aside the Impugned Order and directed the Adjudicating Authority to admit the Section 7 application and pass necessary orders under the IBC within four weeks. No costs were awarded. en-us Tue, 01 Nov 2022 00:00:00 +0530 Fri, 04 Nov 2022 09:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429735 The Tribunal found that the Adjudicating Authority erred in not recognizing the appellant as a financial creditor and the loans as financial debt. The judgment-decree from the Hon'ble Delhi High Court provided a fresh cause of action under Section 7 of the IBC. Consequently, the Tribunal set aside the Impugned Order and directed the Adjudicating Authority to admit the Section 7 application and pass necessary orders under the IBC within four weeks. No costs were awarded. Case-Laws Insolvency and Bankruptcy Tue, 01 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429735