https://www.taxtmi.com/caselaws?id=273686 The Tribunal ruled in favor of ICICI Bank, determining it as a Financial Creditor with the right to simultaneous claims against the principal borrower and corporate guarantor. The Tribunal established privity of contract between ICICI Bank and the Corporate Debtor, allowing ICICI Bank to join the Committee of Creditors with proportionate voting rights. The objections raised by the Resolution Professional were dismissed, and ICICI Bank's claim was admitted, securing its position as a financial creditor with voting rights in the COC. en-us Tue, 23 Jan 2018 00:00:00 +0530 Tue, 10 Jul 2018 05:50:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273686 The Tribunal ruled in favor of ICICI Bank, determining it as a Financial Creditor with the right to simultaneous claims against the principal borrower and corporate guarantor. The Tribunal established privity of contract between ICICI Bank and the Corporate Debtor, allowing ICICI Bank to join the Committee of Creditors with proportionate voting rights. The objections raised by the Resolution Professional were dismissed, and ICICI Bank's claim was admitted, securing its position as a financial creditor with voting rights in the COC. Case-Laws Companies Law Tue, 23 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273686