https://www.taxtmi.com/caselaws?id=386935 The Tribunal affirmed the rejection of the Applicant's claim by the Liquidator, stating that the Applicant lost the right to proceed against the Corporate Debtor after transferring the debt to an investor through Assignment Agreements. The courts consistently ruled against the Applicant, emphasizing that seeking simultaneous recoveries from the investor and as a secured creditor was impermissible. The Tribunal upheld the previous decisions, concluding that the Applicant's claim was extinguished by the assignment of debt to the investor, and dismissed the Applicant's application based on legal precedents and the Assignment Agreements. en-us Fri, 19 Jul 2019 00:00:00 +0530 Sat, 12 Oct 2019 07:56:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386935 The Tribunal affirmed the rejection of the Applicant's claim by the Liquidator, stating that the Applicant lost the right to proceed against the Corporate Debtor after transferring the debt to an investor through Assignment Agreements. The courts consistently ruled against the Applicant, emphasizing that seeking simultaneous recoveries from the investor and as a secured creditor was impermissible. The Tribunal upheld the previous decisions, concluding that the Applicant's claim was extinguished by the assignment of debt to the investor, and dismissed the Applicant's application based on legal precedents and the Assignment Agreements. Case-Laws Insolvency and Bankruptcy Fri, 19 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386935