https://www.taxtmi.com/caselaws?id=367561 The Tribunal determined that both EXIM Bank and Axis Bank qualify as 'Financial Creditors' under the I&B Code based on the guarantees provided by the respective debtors. The Resolution Professionals were instructed to include these banks in the Committee of Creditors and reassess the Resolution Plans. The appeals were successful, overturning the previous decisions rejecting the claims of EXIM Bank and Axis Bank. en-us Tue, 14 Aug 2018 00:00:00 +0530 Sat, 22 Sep 2018 17:09:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367561 The Tribunal determined that both EXIM Bank and Axis Bank qualify as 'Financial Creditors' under the I&B Code based on the guarantees provided by the respective debtors. The Resolution Professionals were instructed to include these banks in the Committee of Creditors and reassess the Resolution Plans. The appeals were successful, overturning the previous decisions rejecting the claims of EXIM Bank and Axis Bank. Case-Laws Insolvency and Bankruptcy Tue, 14 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367561