https://www.taxtmi.com/caselaws?id=430701 The Tribunal dismissed the appeal, affirming the appellant's classification as an 'Operational Creditor' instead of a 'Financial Creditor. The delay in filing the claim was deemed unjustified, and the Tribunal upheld the Adjudicating Authority's dismissal of the appellant's applications due to lack of timely action. The Tribunal found no material irregularity in the treatment of the appellant's claim in the Resolution Plan, supporting the Commercial Wisdom of the Committee of Creditors. The appeal was dismissed with no order as to costs. en-us Thu, 24 Nov 2022 00:00:00 +0530 Fri, 25 Nov 2022 10:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430701 The Tribunal dismissed the appeal, affirming the appellant's classification as an 'Operational Creditor' instead of a 'Financial Creditor. The delay in filing the claim was deemed unjustified, and the Tribunal upheld the Adjudicating Authority's dismissal of the appellant's applications due to lack of timely action. The Tribunal found no material irregularity in the treatment of the appellant's claim in the Resolution Plan, supporting the Commercial Wisdom of the Committee of Creditors. The appeal was dismissed with no order as to costs. Case-Laws Insolvency and Bankruptcy Thu, 24 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430701