https://www.taxtmi.com/caselaws?id=399572 The Tribunal upheld the reclassification of debt as 'operational debt' rather than 'financial debt'. It directed the Resolution Professional to reconsider the reduction of the admitted claim amount, repair the railway track for equipment transportation, and include lease rentals as CIRP costs until the equipment is ready for removal. Additionally, the Tribunal ordered no penalty for storing the equipment and allowed minor repairs for transportation. en-us Mon, 06 Jul 2020 00:00:00 +0530 Fri, 19 Mar 2021 18:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399572 The Tribunal upheld the reclassification of debt as 'operational debt' rather than 'financial debt'. It directed the Resolution Professional to reconsider the reduction of the admitted claim amount, repair the railway track for equipment transportation, and include lease rentals as CIRP costs until the equipment is ready for removal. Additionally, the Tribunal ordered no penalty for storing the equipment and allowed minor repairs for transportation. Case-Laws Insolvency and Bankruptcy Mon, 06 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399572