https://www.taxtmi.com/caselaws?id=758322 The Tribunal dismissed the appeal under Section 7 of the Insolvency and Bankruptcy Code, 2016, affirming that the advanced amount was not a financial debt but an investment for a joint development project. The Tribunal found no evidence in financial statements treating the amount as a loan. Consequently, the application for a refund was rejected, and the appeal was dismissed without costs. en-us Mon, 09 Sep 2024 00:00:00 +0530 Fri, 20 Feb 2026 17:21:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758322 The Tribunal dismissed the appeal under Section 7 of the Insolvency and Bankruptcy Code, 2016, affirming that the advanced amount was not a financial debt but an investment for a joint development project. The Tribunal found no evidence in financial statements treating the amount as a loan. Consequently, the application for a refund was rejected, and the appeal was dismissed without costs. Case-Laws IBC Mon, 09 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758322