https://www.taxtmi.com/caselaws?id=436422 The Tribunal determined that the Debenture Holders are Financial Creditors under the IBC due to the direct jural relationship established by the Corporate Debtor's guarantee of repayment. Additionally, the Corporate Debtor was found liable to repay the amount claimed by the Debenture Holders following an Event of Default, leading to the dismissal of the appeal and the initiation of the Corporate Insolvency Resolution Process against the Corporate Debtor. en-us Wed, 12 Apr 2023 00:00:00 +0530 Thu, 13 Apr 2023 07:58:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436422 The Tribunal determined that the Debenture Holders are Financial Creditors under the IBC due to the direct jural relationship established by the Corporate Debtor's guarantee of repayment. Additionally, the Corporate Debtor was found liable to repay the amount claimed by the Debenture Holders following an Event of Default, leading to the dismissal of the appeal and the initiation of the Corporate Insolvency Resolution Process against the Corporate Debtor. Case-Laws Insolvency and Bankruptcy Wed, 12 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436422