https://www.taxtmi.com/caselaws?id=429795 The Tribunal held that the petition under section 9 of the Insolvency and Bankruptcy Code was not maintainable as the Corporate Debtor was classified as a Financial Service Provider. The judgment emphasized the exclusion of financial service providers from the definition of Corporate Person under the Code. Consequently, the Company Petition was rejected, allowing the Operational Creditor to seek other legal remedies. The order was issued on November 1, 2022. en-us Tue, 01 Nov 2022 00:00:00 +0530 Fri, 04 Nov 2022 11:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429795 The Tribunal held that the petition under section 9 of the Insolvency and Bankruptcy Code was not maintainable as the Corporate Debtor was classified as a Financial Service Provider. The judgment emphasized the exclusion of financial service providers from the definition of Corporate Person under the Code. Consequently, the Company Petition was rejected, allowing the Operational Creditor to seek other legal remedies. The order was issued on November 1, 2022. Case-Laws Insolvency and Bankruptcy Tue, 01 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429795