https://www.taxtmi.com/caselaws?id=451148 A secured financial creditor that chose to realise its security interest outside the liquidation estate remained bound by the liquidation framework and had to contribute its share of liquidation process costs under the Insolvency and Bankruptcy Code, 2016 and the Liquidation Process Regulations. Its contention that it was not a financial institution was rejected on the facts, including its investment in secured redeemable non-convertible debentures and its role as a financial creditor in the committee of creditors. The impugned order was treated as a reasoned order, and the absence of a certified copy with the appeal did not warrant relief once the defect had been addressed. en-us Fri, 15 Mar 2024 00:00:00 +0530 Thu, 21 Mar 2024 06:59:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=451148 A secured financial creditor that chose to realise its security interest outside the liquidation estate remained bound by the liquidation framework and had to contribute its share of liquidation process costs under the Insolvency and Bankruptcy Code, 2016 and the Liquidation Process Regulations. Its contention that it was not a financial institution was rejected on the facts, including its investment in secured redeemable non-convertible debentures and its role as a financial creditor in the committee of creditors. The impugned order was treated as a reasoned order, and the absence of a certified copy with the appeal did not warrant relief once the defect had been addressed. Case-Laws Insolvency and Bankruptcy Fri, 15 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=451148