https://www.taxtmi.com/caselaws?id=281871 The Tribunal held that the Applicant, an Asset Reconstruction Company, qualifies as a Financial Creditor under the Insolvency and Bankruptcy Code due to the mortgage created by the Corporate Debtor in their favor. The Tribunal directed the Resolution Professional to include the Applicant in the Committee of Creditors, emphasizing the importance of the mortgagee's participation in the Corporate Insolvency Resolution Process for a fair and comprehensive resolution. The Tribunal's decision was based on the Applicant's vested interest in the mortgaged property and the need to ensure all stakeholders are represented in the resolution process. en-us Wed, 13 Mar 2019 00:00:00 +0530 Sat, 31 Oct 2020 17:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281871 The Tribunal held that the Applicant, an Asset Reconstruction Company, qualifies as a Financial Creditor under the Insolvency and Bankruptcy Code due to the mortgage created by the Corporate Debtor in their favor. The Tribunal directed the Resolution Professional to include the Applicant in the Committee of Creditors, emphasizing the importance of the mortgagee's participation in the Corporate Insolvency Resolution Process for a fair and comprehensive resolution. The Tribunal's decision was based on the Applicant's vested interest in the mortgaged property and the need to ensure all stakeholders are represented in the resolution process. Case-Laws Companies Law Wed, 13 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281871