Section 7 Application Dismissed: Respondents Not Financial Creditors in Corporate Insolvency Case Involving Guarantee Under Daughter's Name.

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....Corporate insolvency proceedings - liability of the guarantee in the books of corporate debtor is in the name of the daughter - the contesting respondents do not come within the meaning of ‘Financial Creditor’ and the application u/s 7 at their instance was not maintainable - AT....