https://www.taxtmi.com/caselaws?id=405142 The Tribunal allowed the appeal, quashing the Impugned Order and remitting the matter back to the Adjudicating Authority to reconsider the claim filed by the Appellant. The Tribunal clarified that the Financial Creditor is not barred from filing claims in CIRP against both the Principal Borrower and the Corporate Guarantor simultaneously. The Adjudicating Authority was requested to pass further orders regarding the claim made by the Appellant and reconsider the Resolution Plan pending for approval. The Tribunal also stated that the Avoidance Application should be decided separately on its merits. en-us Mon, 08 Mar 2021 00:00:00 +0530 Thu, 11 Mar 2021 19:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405142 The Tribunal allowed the appeal, quashing the Impugned Order and remitting the matter back to the Adjudicating Authority to reconsider the claim filed by the Appellant. The Tribunal clarified that the Financial Creditor is not barred from filing claims in CIRP against both the Principal Borrower and the Corporate Guarantor simultaneously. The Adjudicating Authority was requested to pass further orders regarding the claim made by the Appellant and reconsider the Resolution Plan pending for approval. The Tribunal also stated that the Avoidance Application should be decided separately on its merits. Case-Laws Insolvency and Bankruptcy Mon, 08 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405142