https://www.taxtmi.com/highlights?id=96920 Financial debt characterization was examined for payments described as share subscription money; the rules exclude share subscription amounts from the definition of deposit under Rule 2(c)(vii) of the Companies (Acceptance of Deposits) Rules, 2014, and therefore such payments do not convert into financial debt permitting invocation of the Insolvency Code. An acknowledgment in the debtor's books was considered but found insufficient to alter character into financial debt. Resultantly the tribunal found no financial debt enabling a petition under insolvency law and dismissed the appeal. en-us Mon, 16 Feb 2026 09:59:27 +0530 Mon, 16 Feb 2026 09:59:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=96920 Financial debt characterization was examined for payments described as share subscription money; the rules exclude share subscription amounts from the definition of deposit under Rule 2(c)(vii) of the Companies (Acceptance of Deposits) Rules, 2014, and therefore such payments do not convert into financial debt permitting invocation of the Insolvency Code. An acknowledgment in the debtor's books was considered but found insufficient to alter character into financial debt. Resultantly the tribunal found no financial debt enabling a petition under insolvency law and dismissed the appeal. Highlights IBC Mon, 16 Feb 2026 09:59:27 +0530 https://www.taxtmi.com/highlights?id=96920