https://www.taxtmi.com/caselaws?id=405435 The Tribunal allowed the appeal, holding that the Financial Creditor could file separate claims in the Corporate Insolvency Resolution Process (CIRP) of both the Corporate Guarantor and the Principal Borrower. The Tribunal emphasized that the Insolvency and Bankruptcy Code permits such simultaneous claims, as long as adjustments are made when payments are received. The Adjudicating Authority's dismissal of the Financial Creditor's claim against the Corporate Guarantor was set aside, directing the Respondent to consider the claim and treat the Appellant as a Financial Creditor in the Committee of Creditors. en-us Mon, 08 Mar 2021 00:00:00 +0530 Sat, 20 Mar 2021 08:46:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405435 The Tribunal allowed the appeal, holding that the Financial Creditor could file separate claims in the Corporate Insolvency Resolution Process (CIRP) of both the Corporate Guarantor and the Principal Borrower. The Tribunal emphasized that the Insolvency and Bankruptcy Code permits such simultaneous claims, as long as adjustments are made when payments are received. The Adjudicating Authority's dismissal of the Financial Creditor's claim against the Corporate Guarantor was set aside, directing the Respondent to consider the claim and treat the Appellant as a Financial Creditor in the Committee of Creditors. Case-Laws Insolvency and Bankruptcy Mon, 08 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405435