https://www.taxtmi.com/caselaws?id=440038 The Tribunal upheld the rejection of the Appellant's claim as a Financial Creditor and the approval of the Resolution Plan by the Adjudicating Authority. The Tribunal determined that the extinguishment of the Appellant's security interest in the immovable asset was valid under the Insolvency and Bankruptcy Code and CIRP Regulations, distinguishing previous judgments and emphasizing the inclusion of the security interest in the CIRP process. The Appeals were dismissed, affirming the validity of the Resolution Plan and the extinguishment of the security interest. en-us Tue, 04 Jul 2023 00:00:00 +0530 Sat, 08 Jul 2023 07:37:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440038 The Tribunal upheld the rejection of the Appellant's claim as a Financial Creditor and the approval of the Resolution Plan by the Adjudicating Authority. The Tribunal determined that the extinguishment of the Appellant's security interest in the immovable asset was valid under the Insolvency and Bankruptcy Code and CIRP Regulations, distinguishing previous judgments and emphasizing the inclusion of the security interest in the CIRP process. The Appeals were dismissed, affirming the validity of the Resolution Plan and the extinguishment of the security interest. Case-Laws Insolvency and Bankruptcy Tue, 04 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440038