https://www.taxtmi.com/caselaws?id=785601 Maintainability of insolvency initiation by allottees was addressed focusing on whether allottee-claimants are speculative investors and whether settlement/consent terms preclude Section 7-type claims. The consent terms had classified the allottees as financial creditors, undermining the corporate debtor's speculative investor contention, and breach of settlement did not bar the claim. The tribunal remanded the issue of whether the claimants meet the statutory threshold based on number of allotted units for fresh adjudication, permitting the corporate debtor to file additional material and allowing replies; consequential orders were directed if the threshold is found fulfilled and the impugned order was set aside on appeal. en-us Fri, 23 Jan 2026 00:00:00 +0530 Wed, 28 Jan 2026 07:26:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785601 Maintainability of insolvency initiation by allottees was addressed focusing on whether allottee-claimants are speculative investors and whether settlement/consent terms preclude Section 7-type claims. The consent terms had classified the allottees as financial creditors, undermining the corporate debtor's speculative investor contention, and breach of settlement did not bar the claim. The tribunal remanded the issue of whether the claimants meet the statutory threshold based on number of allotted units for fresh adjudication, permitting the corporate debtor to file additional material and allowing replies; consequential orders were directed if the threshold is found fulfilled and the impugned order was set aside on appeal. Case-Laws IBC Fri, 23 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785601