https://www.taxtmi.com/highlights?id=63551 CIRP - Status of NOIDA authority - Financial Creditors or Operational Creditors - We must not be oblivious to the following prospect, should we find that the appellant is not an operational creditor, even under the IBC Regulations apart from claims by financial creditors and operational creditors, claims can be made by other creditors. However, there are, undoubtedly, certain advantages, which an operational creditor enjoys over the other creditors. We would proceed on the basis that, while the appellant is not a financial creditor, it would constitute an operational creditor. - SC en-us Thu, 19 May 2022 08:30:44 +0530 Thu, 19 May 2022 08:30:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=63551 CIRP - Status of NOIDA authority - Financial Creditors or Operational Creditors - We must not be oblivious to the following prospect, should we find that the appellant is not an operational creditor, even under the IBC Regulations apart from claims by financial creditors and operational creditors, claims can be made by other creditors. However, there are, undoubtedly, certain advantages, which an operational creditor enjoys over the other creditors. We would proceed on the basis that, while the appellant is not a financial creditor, it would constitute an operational creditor. - SC Highlights Insolvency and Bankruptcy Thu, 19 May 2022 08:30:44 +0530 https://www.taxtmi.com/highlights?id=63551