https://www.taxtmi.com/caselaws?id=397892 The Tribunal directed the Resolution Professional to consider the claims of ICICI Bank and Acreage Properties Private Limited within three days. It rejected Ziasess Ventures Limited's claim, determining that the Compulsorily Convertible Debentures (CCDs) should be treated as debt under the Insolvency and Bankruptcy Code. The Tribunal emphasized that the Corporate Debtor consistently treated the investment as debt, leading to the admission of the claim as Financial Debt under the IBC, 2016. The Resolution Professional was given ten days to present a defense for pending applications, with respondents instructed to respond before the next hearing dates. en-us Fri, 31 Jan 2020 00:00:00 +0530 Tue, 01 Sep 2020 11:07:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397892 The Tribunal directed the Resolution Professional to consider the claims of ICICI Bank and Acreage Properties Private Limited within three days. It rejected Ziasess Ventures Limited's claim, determining that the Compulsorily Convertible Debentures (CCDs) should be treated as debt under the Insolvency and Bankruptcy Code. The Tribunal emphasized that the Corporate Debtor consistently treated the investment as debt, leading to the admission of the claim as Financial Debt under the IBC, 2016. The Resolution Professional was given ten days to present a defense for pending applications, with respondents instructed to respond before the next hearing dates. Case-Laws Insolvency and Bankruptcy Fri, 31 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397892