https://www.taxtmi.com/caselaws?id=409447 The Tribunal upheld MSTC Limited as a secured operational creditor based on valid pledge agreements, recognizing its security interest in the pledged goods. It held the Interim Resolution Professional (IRP) and Resolution Professional (RP) responsible for inadequate asset control, leading to missing stock, impacting MSTC's claim. Despite non-registration under Section 77 of the Companies Act, 2013, the Tribunal affirmed MSTC's secured creditor status, dismissing the appeal and emphasizing the IRP and RP's asset management duties. en-us Mon, 05 Jul 2021 00:00:00 +0530 Thu, 08 Jul 2021 14:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409447 The Tribunal upheld MSTC Limited as a secured operational creditor based on valid pledge agreements, recognizing its security interest in the pledged goods. It held the Interim Resolution Professional (IRP) and Resolution Professional (RP) responsible for inadequate asset control, leading to missing stock, impacting MSTC's claim. Despite non-registration under Section 77 of the Companies Act, 2013, the Tribunal affirmed MSTC's secured creditor status, dismissing the appeal and emphasizing the IRP and RP's asset management duties. Case-Laws Insolvency and Bankruptcy Mon, 05 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409447