https://www.taxtmi.com/caselaws?id=437174 A secured financial creditor who was not a party before the Adjudicating Authority was held not to have locus standi to seek leave to appeal against an order setting aside an avoidance transaction and related security interest. The Tribunal noted that the corporate debtor had already undergone resolution under an approved plan on a clean slate, and that the impugned order did not extinguish any enforceable right of the appellant as claimed. It also observed that the original transferee entity had already appealed, so the appellant could not advance a separate case in these proceedings. Leave to appeal was refused, the impleadment request was not entertained, and the company appeal was rejected. en-us Thu, 27 Apr 2023 00:00:00 +0530 Sat, 29 Apr 2023 09:07:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437174 A secured financial creditor who was not a party before the Adjudicating Authority was held not to have locus standi to seek leave to appeal against an order setting aside an avoidance transaction and related security interest. The Tribunal noted that the corporate debtor had already undergone resolution under an approved plan on a clean slate, and that the impugned order did not extinguish any enforceable right of the appellant as claimed. It also observed that the original transferee entity had already appealed, so the appellant could not advance a separate case in these proceedings. Leave to appeal was refused, the impleadment request was not entertained, and the company appeal was rejected. Case-Laws Insolvency and Bankruptcy Thu, 27 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437174