https://www.taxtmi.com/highlights?id=61067 Tripartite agreement - financial creditors or not - Bank has released housing loans to some of the allottees who have purchased Flats/units in the Project floated by the ‘Corporate Debtor’ - Presence of a mere tri-partite Agreement does not change the character of the amount borrowed by the Home Buyer vis-a-vis the Bank and vis-a-vis the ‘Corporate Debtor’. Viewed from any angle, the Appellant cannot be included as a ‘Secured Financial Creditor’ in this case and hence, there are no reasons to interfere with the well-reasoned Order of the Adjudicating Authority. - AT en-us Wed, 22 Dec 2021 11:11:55 +0530 Wed, 22 Dec 2021 11:11:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=61067 Tripartite agreement - financial creditors or not - Bank has released housing loans to some of the allottees who have purchased Flats/units in the Project floated by the ‘Corporate Debtor’ - Presence of a mere tri-partite Agreement does not change the character of the amount borrowed by the Home Buyer vis-a-vis the Bank and vis-a-vis the ‘Corporate Debtor’. Viewed from any angle, the Appellant cannot be included as a ‘Secured Financial Creditor’ in this case and hence, there are no reasons to interfere with the well-reasoned Order of the Adjudicating Authority. - AT Highlights Insolvency and Bankruptcy Wed, 22 Dec 2021 11:11:55 +0530 https://www.taxtmi.com/highlights?id=61067