TMI Blog2019 (6) TMI 276X X X X Extracts X X X X X X X X Extracts X X X X ..... owards the consideration of time value of money - the Appellant comes within the meaning of Financial Creditor . Appeal allowed. - Company Appeal (AT) (Insolvency) No. 752 of 2018 - - - Dated:- 11-4-2019 - Mr S.J. Mukhopadhaya, Chairperson, Mr A. I. S. Cheema, Member (Judicial) And Kanthi Narahari, Member(Technical) For The Appellants : Mr. Harish Taneja, PCS ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... any Pvt. Ltd. - is the Owner of office space bearing unit no. OSF-203, OSF-204A and OSF-204B situated on 2nd Floor at, Palam Triagngle, Palam Vihar, Gurgaon, Haryana, admeasuring 5139 sq. ft. The Corporate Debtor agreed to sell the said property for a sum of ₹ 3,75,00,000/- (Rupees Three Crore Seventy Five Lakhs Only), out of which, the Appellant paid ₹ 1,25,00,000/- (Rupees ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s that in case the seller desires to refund the advance money than a minimum interest of 5.5% of the advance given by the purchaser will be paid by the seller towards opportunity cost of fund used in addition to repayment of the advance amount irrespective of the date money is being returned by the Seller. To be more specific it means that in case the Seller returns the money in 60 days then perta ..... X X X X Extracts X X X X X X X X Extracts X X X X
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