https://www.taxtmi.com/caselaws?id=444777 The Appellate Tribunal upheld the rejection of an application filed under Section 7 of the I&B Code, dismissing the appeal against the order dated 08.08.2023. The Adjudicating Authority found that the applicant, a decree-holder, did not satisfy the threshold requirement as a Real Estate Allottee. The Tribunal confirmed that the status as an allottee was unchanged, referencing a Supreme Court decision, and concluded that the threshold for initiating insolvency was unmet. The appeal was dismissed due to lack of merit. en-us Tue, 17 Oct 2023 00:00:00 +0530 Sun, 22 Oct 2023 22:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444777 The Appellate Tribunal upheld the rejection of an application filed under Section 7 of the I&B Code, dismissing the appeal against the order dated 08.08.2023. The Adjudicating Authority found that the applicant, a decree-holder, did not satisfy the threshold requirement as a Real Estate Allottee. The Tribunal confirmed that the status as an allottee was unchanged, referencing a Supreme Court decision, and concluded that the threshold for initiating insolvency was unmet. The appeal was dismissed due to lack of merit. Case-Laws Insolvency and Bankruptcy Tue, 17 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444777