https://www.taxtmi.com/caselaws?id=425696 The Tribunal dismissed both appeals filed by the Appellant, upholding the Adjudicating Authority's decisions. The Tribunal found no error in rejecting the Appellant's claim as a financial creditor and in the approval of the Resolution Plan, which did not allocate any payment to the Appellant as an "other creditor." The Tribunal emphasized that the essential condition of disbursal against the consideration for the time value of money was absent, and the Resolution Plan had adequately addressed the interests of all stakeholders as required by the IBC. en-us Fri, 22 Jul 2022 00:00:00 +0530 Thu, 28 Jul 2022 21:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425696 The Tribunal dismissed both appeals filed by the Appellant, upholding the Adjudicating Authority's decisions. The Tribunal found no error in rejecting the Appellant's claim as a financial creditor and in the approval of the Resolution Plan, which did not allocate any payment to the Appellant as an "other creditor." The Tribunal emphasized that the essential condition of disbursal against the consideration for the time value of money was absent, and the Resolution Plan had adequately addressed the interests of all stakeholders as required by the IBC. Case-Laws Insolvency and Bankruptcy Fri, 22 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425696