https://www.taxtmi.com/caselaws?id=435827 The Tribunal upheld the Adjudicating Authority's decision, determining that the appellants were Operational Creditors, not Financial Creditors of the Corporate Debtor. The appellants' involvement in invoice discounting did not qualify them as Financial Creditors under the Insolvency and Bankruptcy Code. As they had not disbursed the amount as a financial debt to the Corporate Debtor, the appeal was dismissed, directing the appellants to pursue their remedy under Section 9 of the Code. en-us Tue, 28 Mar 2023 00:00:00 +0530 Wed, 29 Mar 2023 07:59:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435827 The Tribunal upheld the Adjudicating Authority's decision, determining that the appellants were Operational Creditors, not Financial Creditors of the Corporate Debtor. The appellants' involvement in invoice discounting did not qualify them as Financial Creditors under the Insolvency and Bankruptcy Code. As they had not disbursed the amount as a financial debt to the Corporate Debtor, the appeal was dismissed, directing the appellants to pursue their remedy under Section 9 of the Code. Case-Laws Insolvency and Bankruptcy Tue, 28 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435827