https://www.taxtmi.com/caselaws?id=398768 The Tribunal dismissed the application filed by the Financial Creditor seeking interim relief before admission of the main petition under the Insolvency and Bankruptcy Code. The Tribunal held that the Financial Creditor is bound by the Inter-creditor Agreement and Trust and Retention Account Agreement, which prioritize payments to the Priority Lender. The requested relief was denied as it would contradict the terms of the agreements, leading to the conclusion that the Financial Creditor's application was not maintainable. en-us Tue, 25 Feb 2020 00:00:00 +0530 Thu, 24 Sep 2020 09:55:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398768 The Tribunal dismissed the application filed by the Financial Creditor seeking interim relief before admission of the main petition under the Insolvency and Bankruptcy Code. The Tribunal held that the Financial Creditor is bound by the Inter-creditor Agreement and Trust and Retention Account Agreement, which prioritize payments to the Priority Lender. The requested relief was denied as it would contradict the terms of the agreements, leading to the conclusion that the Financial Creditor's application was not maintainable. Case-Laws Insolvency and Bankruptcy Tue, 25 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398768