Liquidator Rejects Claim: Applicant Not a Financial Creditor of Corporate Debtor, Liability Limited to Pledged Shares Fulfilled.

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Full Text of the Document

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....The Liquidator has rightly rejected the claim of the Applicant on the ground that the Applicant is not a Financial Creditor of the Corporate Debtor and the liability of the Corporate Debtor is restricted to the pledge of shares only which has already been meted with.....