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IBC - Highlights / Catch Notes

Home Highlights July 2022 Year 2022 This

Approval of resolution plan - Rejection of the claim of the ...

Insolvency and Bankruptcy

July 29, 2022

Approval of resolution plan - Rejection of the claim of the appellant as Financial Creditors - payment of Earnest Money - The disbursement was not in consideration for the time value of money - Essential condition for accepting a debt to be financial debt being absent, we are of the view that Adjudicating Authority has not committed any error in rejecting the claim of the Appellant as Financial Creditor. - AT

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