https://www.taxtmi.com/caselaws?id=276631 The Tribunal upheld the orders admitting insolvency resolution applications against Corporate Debtors, finding that natural justice rules were followed. It ruled that an Inter-se Agreement between financial creditors and lead bank did not bind non-signatory Corporate Debtors, affirming the right of financial creditors to initiate insolvency proceedings independently. The appeals were dismissed for lack of merit, with no costs awarded. en-us Fri, 11 Aug 2017 00:00:00 +0530 Thu, 15 Nov 2018 07:19:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276631 The Tribunal upheld the orders admitting insolvency resolution applications against Corporate Debtors, finding that natural justice rules were followed. It ruled that an Inter-se Agreement between financial creditors and lead bank did not bind non-signatory Corporate Debtors, affirming the right of financial creditors to initiate insolvency proceedings independently. The appeals were dismissed for lack of merit, with no costs awarded. Case-Laws Insolvency and Bankruptcy Fri, 11 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276631