https://www.taxtmi.com/caselaws?id=391589 Where a financial service provider enters the insolvency resolution process, depositor claims must be considered within the statutory framework by the Committee of Creditors and the Administrator, with the depositors treated as a class of creditors through an authorised representative. Earlier interim orders of the High Court and the Debts Recovery Tribunal were directed not to influence that consideration. The Court also found no basis to interfere with the Committee of Creditors' decision permitting lending operations, leaving the depositors to pursue their contentions before the Committee, the Administrator, and, if needed, the National Company Law Tribunal. en-us Fri, 31 Jan 2020 00:00:00 +0530 Mon, 03 Feb 2020 10:24:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391589 Where a financial service provider enters the insolvency resolution process, depositor claims must be considered within the statutory framework by the Committee of Creditors and the Administrator, with the depositors treated as a class of creditors through an authorised representative. Earlier interim orders of the High Court and the Debts Recovery Tribunal were directed not to influence that consideration. The Court also found no basis to interfere with the Committee of Creditors' decision permitting lending operations, leaving the depositors to pursue their contentions before the Committee, the Administrator, and, if needed, the National Company Law Tribunal. Case-Laws Indian Laws Fri, 31 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391589