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Home Highlights February 2024 Year 2024 This

Rejection of section 7 application - Existence of financial debt ...

Insolvency and Bankruptcy

February 19, 2024

Rejection of section 7 application - Existence of financial debt or not - status of allottee for sale of plots (real estate project) - The Adjudicating Authority has also rightly come to the conclusion that obligation of payments of money under the agreement of sale by no stretch of imagination can be construed as a financial debt.

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