2022 (4) TMI 1593

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....HA 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 dismissed. 3. The Appellant's case is that he has ....

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....05(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 cannot be said to fall under the definition "a debt alon....