https://www.taxtmi.com/caselaws?id=290171 The Tribunal held that the Appellant, 'MAIF Investments India Pte. Ltd.', is a 'Financial Creditor' of 'M/s. Ind-Barath Energy (Utkal) Limited' ('Corporate Debtor'). The invocation of the pledge of shares did not constitute repayment of the debt of Rs. 102 Crores towards the OCDs. The Tribunal set aside the Adjudicating Authority's decision, directing the 'Resolution Professional' to recognize the Appellant as a 'Financial Creditor' for the constitution of the 'Committee of Creditors' and granted the Appellant voting rights. The appeal was allowed without costs. en-us Tue, 23 Apr 2019 00:00:00 +0530 Fri, 11 Sep 2020 23:44:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290171 The Tribunal held that the Appellant, 'MAIF Investments India Pte. Ltd.', is a 'Financial Creditor' of 'M/s. Ind-Barath Energy (Utkal) Limited' ('Corporate Debtor'). The invocation of the pledge of shares did not constitute repayment of the debt of Rs. 102 Crores towards the OCDs. The Tribunal set aside the Adjudicating Authority's decision, directing the 'Resolution Professional' to recognize the Appellant as a 'Financial Creditor' for the constitution of the 'Committee of Creditors' and granted the Appellant voting rights. The appeal was allowed without costs. Case-Laws Insolvency and Bankruptcy Tue, 23 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290171