https://www.taxtmi.com/caselaws?id=786095 Res judicata bars reopening an earlier finding that the corporate debtor had agreed to refund share application money; the tribunal held that repeated nonrefunds after final orders constitute default and sustain admission of the fresh insolvency petition under Section 7. The appellate challenge to the adjudicating authority's admission was dismissed; interim deposit ordered refunded to appellant. The appellant is permitted to remit the outstanding foreign currency amounts to the financial creditor, who may then pursue remedies under corporate insolvency resolution process regulations. The resolution professional may continue CIRP; the period from 23.12.2023 is excluded from CIRP. en-us Wed, 03 Sep 2025 00:00:00 +0530 Fri, 06 Feb 2026 09:25:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786095 Res judicata bars reopening an earlier finding that the corporate debtor had agreed to refund share application money; the tribunal held that repeated nonrefunds after final orders constitute default and sustain admission of the fresh insolvency petition under Section 7. The appellate challenge to the adjudicating authority's admission was dismissed; interim deposit ordered refunded to appellant. The appellant is permitted to remit the outstanding foreign currency amounts to the financial creditor, who may then pursue remedies under corporate insolvency resolution process regulations. The resolution professional may continue CIRP; the period from 23.12.2023 is excluded from CIRP. Case-Laws IBC Wed, 03 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786095