https://www.taxtmi.com/caselaws?id=299148 The Tribunal upheld the legality of including claims by Oriental Bank of Commerce and IndiaBulls Housing Finance Ltd. as Financial Creditors in a corporate insolvency resolution process. The Tribunal found that the claims qualified as financial debts due to the invocation of corporate guarantees and the CD's co-borrower status. Requests for reconstitution of the Committee of Creditors, challenges to CoC meetings and voting percentages, and injunctions against the Resolution Professional were dismissed. The Tribunal affirmed the RP's actions as lawful, concluding that the inclusion of the claims was proper and in accordance with the law. en-us Tue, 09 Jun 2020 00:00:00 +0530 Sun, 05 Dec 2021 14:39:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299148 The Tribunal upheld the legality of including claims by Oriental Bank of Commerce and IndiaBulls Housing Finance Ltd. as Financial Creditors in a corporate insolvency resolution process. The Tribunal found that the claims qualified as financial debts due to the invocation of corporate guarantees and the CD's co-borrower status. Requests for reconstitution of the Committee of Creditors, challenges to CoC meetings and voting percentages, and injunctions against the Resolution Professional were dismissed. The Tribunal affirmed the RP's actions as lawful, concluding that the inclusion of the claims was proper and in accordance with the law. Case-Laws Insolvency and Bankruptcy Tue, 09 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299148