AI Drafter - (New and Powerful) 
Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter. 
TaxTMI 
TaxTMI 
2022 (4) TMI 1593
X X X X Extracts X X X X
X X X X Extracts X X X X
....VA, MEMBER (TECHNICAL) AND SHREESHA MERLA, MEMBER (TECHNICAL) For the Appellant : Mr. Sunil Singh Parihar, Advocate. For the Respondent : None ORDER Heard Learned Counsel for the Appellant. 2. This Appeal has been filed against the order dated 02.03.2020 by which Application under Section 7 of the Insolvency and Bankruptcy Code, 2016 ("Code") filed by the Appellant has been dismisse....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ble National Company Law Tribunal passed in C.P. No. 205(ND)/2017, between the parties along with that the Respondent failed to show any agreement to substantiate the fact that money was paid as a financial debt or that the money was paid against the payment of interest. Therefore, we find that the share application money does not fall under any of the clauses of Section 5(8) of the Code and it ca....