https://www.taxtmi.com/caselaws?id=774650 The SC dismissed the appellant's civil appeal challenging NCLAT's decision. The appellant had filed an application under Section 7, but it was rejected on grounds that the IFMS amount did not constitute financial debt. NCLAT upheld the Adjudicating Authority's finding that IFMS does not amount to financial debt, determining this conclusion was without infirmity. The SC found no good reason to entertain the appeal and accordingly dismissed it. en-us Tue, 24 Jun 2025 00:00:00 +0530 Sat, 12 Jul 2025 08:40:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774650 The SC dismissed the appellant's civil appeal challenging NCLAT's decision. The appellant had filed an application under Section 7, but it was rejected on grounds that the IFMS amount did not constitute financial debt. NCLAT upheld the Adjudicating Authority's finding that IFMS does not amount to financial debt, determining this conclusion was without infirmity. The SC found no good reason to entertain the appeal and accordingly dismissed it. Case-Laws IBC Tue, 24 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774650