https://www.taxtmi.com/caselaws?id=422226 The Tribunal found the Corporate Debtor liable to repay the Harvesting and Transportation Loan, rejecting the IRP's denial of the Applicant's claim as a Financial Creditor. The Corporate Debtor's default on loan repayments, leading to NPA classification, triggered the Applicant's recall of facilities and invocation of guarantees. The Tribunal determined the Corporate Debtor's obligation based on loan terms, resolutions, and undertakings, directing the inclusion of the Applicant as a Financial Creditor and CoC reconstitution. en-us Wed, 20 Apr 2022 00:00:00 +0530 Thu, 12 May 2022 08:43:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422226 The Tribunal found the Corporate Debtor liable to repay the Harvesting and Transportation Loan, rejecting the IRP's denial of the Applicant's claim as a Financial Creditor. The Corporate Debtor's default on loan repayments, leading to NPA classification, triggered the Applicant's recall of facilities and invocation of guarantees. The Tribunal determined the Corporate Debtor's obligation based on loan terms, resolutions, and undertakings, directing the inclusion of the Applicant as a Financial Creditor and CoC reconstitution. Case-Laws Insolvency and Bankruptcy Wed, 20 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422226