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

Appellant's Financial Creditor Claim Rejected: Earnest Money Lacks Time Value Consideration per Adjudicating Authority's Decision.

July 29, 2022

Case Laws Insolvency and Bankruptcy AT

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

Appellant's Financial Creditor Claim Rejected: Earnest Money Lacks Time Value Consideration per Adjudicating Authority's Decision.

July 29, 2022

Case Laws Insolvency and Bankruptcy AT

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