https://www.taxtmi.com/caselaws?id=408426 The Tribunal dismissed the Appeal filed by Bharat Heavy Electricals Limited, an Operational Creditor of the Corporate Debtor, citing the binding nature of the approved Scheme under Section 230 of the Companies Act, 2013, and the Insolvency and Bankruptcy Code, 2016. The Tribunal emphasized the prioritization of Financial Creditors' dues over Operational Creditors in the settlement process, leading to the rejection of the Appellant's claim regarding non-payment and non-admission of claim by the Corporate Debtor. en-us Tue, 01 Jun 2021 00:00:00 +0530 Thu, 10 Jun 2021 08:42:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408426 The Tribunal dismissed the Appeal filed by Bharat Heavy Electricals Limited, an Operational Creditor of the Corporate Debtor, citing the binding nature of the approved Scheme under Section 230 of the Companies Act, 2013, and the Insolvency and Bankruptcy Code, 2016. The Tribunal emphasized the prioritization of Financial Creditors' dues over Operational Creditors in the settlement process, leading to the rejection of the Appellant's claim regarding non-payment and non-admission of claim by the Corporate Debtor. Case-Laws Insolvency and Bankruptcy Tue, 01 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408426