https://www.taxtmi.com/caselaws?id=780176 NCLAT upholds AA's admission of the Section 7 application: a payment of Rs.1,00,00,000 disbursed on 20.11.2010 is held to be a financial debt under Section 5(8) IBC, entry as "other long-term liabilities" and disbursal satisfying "time value of money" supporting debt and default. The appellant's assertion that the sum was a consultancy advance is rejected as unsubstantiated and belated. The liquidator's claim rejection stood unchallenged. Appeal dismissed; impugned order admitting Section 7 affirmed. en-us Fri, 17 Oct 2025 00:00:00 +0530 Fri, 24 Oct 2025 16:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780176 NCLAT upholds AA's admission of the Section 7 application: a payment of Rs.1,00,00,000 disbursed on 20.11.2010 is held to be a financial debt under Section 5(8) IBC, entry as "other long-term liabilities" and disbursal satisfying "time value of money" supporting debt and default. The appellant's assertion that the sum was a consultancy advance is rejected as unsubstantiated and belated. The liquidator's claim rejection stood unchallenged. Appeal dismissed; impugned order admitting Section 7 affirmed. Case-Laws IBC Fri, 17 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780176