https://www.taxtmi.com/highlights?id=73471 Initiation of CIRP u/s 7 - Financial Creditor or not - In so far as the findings of the Adjudicating Authority are concerned that both the parties being joint venture partners, there was no financial debt in terms of Section 5(8) of IBC and hence the application u/s 7 of the IBC could not be entertained, there are no error in the impugned order - NCLT rightly rejected the application - AT en-us Fri, 08 Dec 2023 12:02:34 +0530 Fri, 08 Dec 2023 12:02:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=73471 Initiation of CIRP u/s 7 - Financial Creditor or not - In so far as the findings of the Adjudicating Authority are concerned that both the parties being joint venture partners, there was no financial debt in terms of Section 5(8) of IBC and hence the application u/s 7 of the IBC could not be entertained, there are no error in the impugned order - NCLT rightly rejected the application - AT Highlights Insolvency and Bankruptcy Fri, 08 Dec 2023 12:02:34 +0530 https://www.taxtmi.com/highlights?id=73471