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        Appeal challenges financial creditor classification under Insolvency and Bankruptcy Code

        IST Green Power Pvt. Ltd. Versus Debashish Nanda Resolution Professional of Venta Realtech Pvt. Ltd.

        IST Green Power Pvt. Ltd. Versus Debashish Nanda Resolution Professional of Venta Realtech Pvt. Ltd. - TMI The appeal concerns whether the Appellant qualifies as a 'Financial Creditor' under the Insolvency and Bankruptcy Code, 2016 due to being an allottee of nine flats in a Real Estate Project. The Adjudicating Authority's decision that the Appellant does not meet this definition is being challenged. Notice has been issued to the Respondent, with a deadline for filing a reply-affidavit, and the appeal is scheduled for admission on 4th September, 2020. Any action related to the Resolution Plan approval is contingent upon the appeal's outcome.

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