https://www.taxtmi.com/caselaws?id=762303 The Supreme Court affirmed that the appellant could not be treated as a financial creditor under the Insolvency and Bankruptcy Code, 2016, and found no legal error warranting interference with that determination. The Court therefore left the finding intact and dismissed the appeal, while clarifying that the appellant remained free to pursue any other claim available in law under the Code. The governing principle stated was that once a party's status as a financial creditor has been conclusively negatived, that determination will stand unless a legal basis for interference is shown. en-us Mon, 11 Nov 2024 00:00:00 +0530 Fri, 29 Nov 2024 08:16:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762303 The Supreme Court affirmed that the appellant could not be treated as a financial creditor under the Insolvency and Bankruptcy Code, 2016, and found no legal error warranting interference with that determination. The Court therefore left the finding intact and dismissed the appeal, while clarifying that the appellant remained free to pursue any other claim available in law under the Code. The governing principle stated was that once a party's status as a financial creditor has been conclusively negatived, that determination will stand unless a legal basis for interference is shown. Case-Laws IBC Mon, 11 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762303