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Tribunal Orders Claim Admittance as 'Other Creditors' After RP Rejects Financial Debt Status Due to Insufficient Proof.
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....Claim of applicant rejected by RP - the amount has been disbursed to the Corporate Debtor, however the Applicant has miserably failed to establish that the said debt would qualify as 'financial debt' - there is no dispute between the parties that the amount was received through banking channel. In the said circumstances, we hereby direct the Respondent to admit the claim of the Applicant without interest, under the category of other creditors - Tri....