https://www.taxtmi.com/caselaws?id=431235 The Tribunal dismissed the Appeal, affirming the rejection of the Section 7 Application regarding the dispute over the advanced amount of Rs. 1.2 Crore, determining it did not qualify as a financial debt under Section 5(8)(f) of the Code. The Appellant was advised to pursue alternative legal avenues for debt recovery as they were unable to invoke IBC provisions in this case. en-us Tue, 06 Dec 2022 00:00:00 +0530 Thu, 08 Dec 2022 11:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431235 The Tribunal dismissed the Appeal, affirming the rejection of the Section 7 Application regarding the dispute over the advanced amount of Rs. 1.2 Crore, determining it did not qualify as a financial debt under Section 5(8)(f) of the Code. The Appellant was advised to pursue alternative legal avenues for debt recovery as they were unable to invoke IBC provisions in this case. Case-Laws Insolvency and Bankruptcy Tue, 06 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431235