https://www.taxtmi.com/caselaws?id=299614 The Tribunal dismissed the bank's application to be declared a secured financial creditor of the corporate debtor as the loans were extended to home buyers, not directly to the debtor. The bank's request for recognition as a secured creditor, voting rights in the CoC, and proportional treatment in resolution or liquidation was deemed misconceived. A subsequent application was scheduled for further consideration on 28.02.2020, with the outcome pending determination by the Tribunal. en-us Wed, 05 Feb 2020 00:00:00 +0530 Wed, 22 Dec 2021 20:35:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299614 The Tribunal dismissed the bank's application to be declared a secured financial creditor of the corporate debtor as the loans were extended to home buyers, not directly to the debtor. The bank's request for recognition as a secured creditor, voting rights in the CoC, and proportional treatment in resolution or liquidation was deemed misconceived. A subsequent application was scheduled for further consideration on 28.02.2020, with the outcome pending determination by the Tribunal. Case-Laws Companies Law Wed, 05 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299614