2019 (6) TMI 276

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..... within the purview of Financial Creditor or not? - HELD THAT:- It is clear that the Appellant is an allottee and further the Agreement suggest that the amount was disbursed by him towards the consideration of time value of money - the Appellant comes within the meaning of Financial Creditor . Appeal allowed.
Mr S.J. Mukhopadhaya, Chairperson, Mr A. I. S. Cheema, Member (Judicial) And Kanthi Na .....

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..... mpany 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 One Cr .....

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..... o 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 pertaining to the minimum clause above i .....

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