https://www.taxtmi.com/caselaws?id=439882 The National Company Law Tribunal (NCLT), Chennai, dismissed the Applicant's claim to be admitted as a Financial Creditor, determining that the Applicant was a shareholder based on documentary evidence. The Tribunal found no valid transfer of shares to the Appellant and concluded that the Resolution Professional (RP) acted within their duties. The Tribunal emphasized the importance of financial statements filed with the RoC and dismissed the appeal, upholding the Adjudicating Authority's decision without costs. en-us Tue, 04 Jul 2023 00:00:00 +0530 Tue, 04 Jul 2023 21:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439882 The National Company Law Tribunal (NCLT), Chennai, dismissed the Applicant's claim to be admitted as a Financial Creditor, determining that the Applicant was a shareholder based on documentary evidence. The Tribunal found no valid transfer of shares to the Appellant and concluded that the Resolution Professional (RP) acted within their duties. The Tribunal emphasized the importance of financial statements filed with the RoC and dismissed the appeal, upholding the Adjudicating Authority's decision without costs. Case-Laws Insolvency and Bankruptcy Tue, 04 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439882