https://www.taxtmi.com/caselaws?id=291932 A registered agreement of sale, without transfer of title, possession, or any charge or other proprietary interest, does not create a security interest under insolvency law and cannot confer secured financial creditor status. Mere contractual rights to enforce performance are insufficient, and registration does not alter that character. The Tribunal also declined to interfere with the Committee of Creditors' commercial decision, finding no material basis to disturb its treatment of the applicants or its approval of the resolution plan. The applicants' claim to equitable relief therefore failed, and their applications were dismissed on merits. en-us Wed, 23 Oct 2019 00:00:00 +0530 Mon, 30 Nov 2020 19:11:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291932 A registered agreement of sale, without transfer of title, possession, or any charge or other proprietary interest, does not create a security interest under insolvency law and cannot confer secured financial creditor status. Mere contractual rights to enforce performance are insufficient, and registration does not alter that character. The Tribunal also declined to interfere with the Committee of Creditors' commercial decision, finding no material basis to disturb its treatment of the applicants or its approval of the resolution plan. The applicants' claim to equitable relief therefore failed, and their applications were dismissed on merits. Case-Laws Insolvency and Bankruptcy Wed, 23 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291932