https://www.taxtmi.com/caselaws?id=430650 The Tribunal upheld the Interim Resolution Professional's decision to categorize the Appellant as a 'related party' of the Corporate Debtor based on a joint venture indicated in a Memorandum of Understanding. The Tribunal determined that the IRP had the jurisdiction to review and change the Appellant's claim category in response to new evidence presented during the Committee of Creditors meeting. The Tribunal found the IRP's actions appropriate and dismissed the appeal, affirming the decision without costs. en-us Wed, 23 Nov 2022 00:00:00 +0530 Thu, 24 Nov 2022 09:07:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430650 The Tribunal upheld the Interim Resolution Professional's decision to categorize the Appellant as a 'related party' of the Corporate Debtor based on a joint venture indicated in a Memorandum of Understanding. The Tribunal determined that the IRP had the jurisdiction to review and change the Appellant's claim category in response to new evidence presented during the Committee of Creditors meeting. The Tribunal found the IRP's actions appropriate and dismissed the appeal, affirming the decision without costs. Case-Laws Insolvency and Bankruptcy Wed, 23 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430650