https://www.taxtmi.com/caselaws?id=280036 The National Company Law Appellate Tribunal addressed issues concerning the recognition of financial creditor status by the Interim Resolution Professional (IRP), the power of the IRP to determine debt amounts, the appointment of an Insolvency Resolution Professional, and the rights of Financial Creditors under the SARFAESI Act, 2002. The Tribunal clarified that the IRP should consider the State Bank of India as a financial creditor, emphasized the IRP's role in following the law, and highlighted the importance of timely appointment of professionals in insolvency resolution processes. The appeal was disposed of with these observations, emphasizing adherence to legal procedures in insolvency resolution proceedings. en-us Wed, 09 Aug 2017 00:00:00 +0530 Wed, 17 Apr 2019 20:52:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280036 The National Company Law Appellate Tribunal addressed issues concerning the recognition of financial creditor status by the Interim Resolution Professional (IRP), the power of the IRP to determine debt amounts, the appointment of an Insolvency Resolution Professional, and the rights of Financial Creditors under the SARFAESI Act, 2002. The Tribunal clarified that the IRP should consider the State Bank of India as a financial creditor, emphasized the IRP's role in following the law, and highlighted the importance of timely appointment of professionals in insolvency resolution processes. The appeal was disposed of with these observations, emphasizing adherence to legal procedures in insolvency resolution proceedings. Case-Laws Insolvency and Bankruptcy Wed, 09 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280036