https://www.taxtmi.com/caselaws?id=303985 The tribunal held that the appellant, M/s. PEC Ltd., qualified as a 'Financial Creditor' under the Insolvency and Bankruptcy Code, 2016, allowing their applications under Section 7 to proceed. It was determined that the applications should not have been treated as applications under Section 9. The tribunal directed the appellant to be recognized as a 'Financial Creditor' and included in the 'Committee of Creditors'. The appeals were allowed, maintaining the orders admitting the applications and imposing a moratorium, with modifications regarding the appellant's classification. en-us Wed, 13 Dec 2017 00:00:00 +0530 Wed, 31 Aug 2022 05:44:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303985 The tribunal held that the appellant, M/s. PEC Ltd., qualified as a 'Financial Creditor' under the Insolvency and Bankruptcy Code, 2016, allowing their applications under Section 7 to proceed. It was determined that the applications should not have been treated as applications under Section 9. The tribunal directed the appellant to be recognized as a 'Financial Creditor' and included in the 'Committee of Creditors'. The appeals were allowed, maintaining the orders admitting the applications and imposing a moratorium, with modifications regarding the appellant's classification. Case-Laws Insolvency and Bankruptcy Wed, 13 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303985