https://www.taxtmi.com/caselaws?id=291523 The Tribunal concluded that the Time Share Members were correctly reclassified as operational creditors by the Interim Resolution Professional (IRP) as they did not meet the criteria to be classified as financial creditors under the Insolvency and Bankruptcy Code. The IRP's actions were found to be valid, and the Time Share Members were not entitled to attend or vote in Committee of Creditors meetings. The Applicant's requests for relief were denied, and the application was disposed of without costs. en-us Wed, 09 Oct 2019 00:00:00 +0530 Fri, 13 Nov 2020 21:17:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291523 The Tribunal concluded that the Time Share Members were correctly reclassified as operational creditors by the Interim Resolution Professional (IRP) as they did not meet the criteria to be classified as financial creditors under the Insolvency and Bankruptcy Code. The IRP's actions were found to be valid, and the Time Share Members were not entitled to attend or vote in Committee of Creditors meetings. The Applicant's requests for relief were denied, and the application was disposed of without costs. Case-Laws Insolvency and Bankruptcy Wed, 09 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291523