https://www.taxtmi.com/caselaws?id=397440 The Tribunal modified the Adjudicating Authority's order in the case, determining that certain loans were Extortionate Credit Transactions and deemed illegal and void. Other loans were classified as unsecured debts for the principal amount only, without entitlement to excessive interest. Additionally, Committee of Creditors meetings involving the Appellants were declared null and void, with corresponding resolutions invalidated. The Tribunal affirmed the order dated 29.07.2019 and made no ruling on costs. en-us Wed, 24 Jun 2020 00:00:00 +0530 Tue, 18 Aug 2020 19:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397440 The Tribunal modified the Adjudicating Authority's order in the case, determining that certain loans were Extortionate Credit Transactions and deemed illegal and void. Other loans were classified as unsecured debts for the principal amount only, without entitlement to excessive interest. Additionally, Committee of Creditors meetings involving the Appellants were declared null and void, with corresponding resolutions invalidated. The Tribunal affirmed the order dated 29.07.2019 and made no ruling on costs. Case-Laws Insolvency and Bankruptcy Wed, 24 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397440