Insolvency Process Initiated Over Shop Allotment Cancellation; Claim Not Financial Debt, Applicants Not Financial Creditors.

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....Initiation of Corporate Insolvency Resolution Process - exintence of eligible debt - cancellation of allotment of shop - failure to handover the possession of shop - construction has not been commenced - Neither the present claim can be termed as a financial debt nor do the applicants come within the meaning of financial creditor - Tri....