Secured creditor status dispute ends after claim acceptance, with provisional participation in Committee of Creditors meetings

The application became infructuous after the resolution professional later accepted the applicant's claim and recognised its secured creditor status. On that basis, the tribunal disposed of the matter and allowed the applicant to continue participating provisionally in Committee of Creditors meetings, subject to the petition's final outcome.

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Outcome: The application was disposed of as infructuous after the petitioner's grievance was redressed by the resolution professional's subsequent acceptance of its claim and secured creditor status. The applicant was also provisionally permitted to continue participating in the Committee of Creditors meetings, subject to the outcome of the petition.

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