https://www.taxtmi.com/caselaws?id=368231 The judgment allowed the debenture holder's application under section 60(5) of the Insolvency & Bankruptcy Code, 2016 to be accepted as a member of the Committee of Creditors (CoC). The applicant, representing 86 debenture holders, was granted permission by the Insolvency Resolution Professional (IRP) to participate in CoC meetings. The ruling emphasized the right of financial creditors to appoint representatives, in line with the Companies Act, 2013. The Tribunal affirmed the applicant's role in the CoC, ensuring fair representation and compliance with statutory provisions in insolvency proceedings. en-us Wed, 05 Sep 2018 00:00:00 +0530 Thu, 04 Oct 2018 07:31:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368231 The judgment allowed the debenture holder's application under section 60(5) of the Insolvency & Bankruptcy Code, 2016 to be accepted as a member of the Committee of Creditors (CoC). The applicant, representing 86 debenture holders, was granted permission by the Insolvency Resolution Professional (IRP) to participate in CoC meetings. The ruling emphasized the right of financial creditors to appoint representatives, in line with the Companies Act, 2013. The Tribunal affirmed the applicant's role in the CoC, ensuring fair representation and compliance with statutory provisions in insolvency proceedings. Case-Laws Insolvency and Bankruptcy Wed, 05 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368231