https://www.taxtmi.com/highlights?id=76539 CIRP - GNIDA is Secured Creditor or not - The NCLAT affirmed the validity of the charge claimed by the respondent under Section 13-A of the Uttar Pradesh Industrial Area Development Act, 1976. - The appellate tribunal upheld the respondent's status as a secured creditor, citing recent Supreme Court precedent. It affirmed the validity of the charge under Section 13-A of the Uttar Pradesh Industrial Area Development Act, 1976, and concluded that the respondent's classification as a secured creditor did not warrant interference. en-us Fri, 12 Apr 2024 08:50:11 +0530 Fri, 12 Apr 2024 08:50:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=76539 CIRP - GNIDA is Secured Creditor or not - The NCLAT affirmed the validity of the charge claimed by the respondent under Section 13-A of the Uttar Pradesh Industrial Area Development Act, 1976. - The appellate tribunal upheld the respondent's status as a secured creditor, citing recent Supreme Court precedent. It affirmed the validity of the charge under Section 13-A of the Uttar Pradesh Industrial Area Development Act, 1976, and concluded that the respondent's classification as a secured creditor did not warrant interference. Highlights Insolvency and Bankruptcy Fri, 12 Apr 2024 08:50:11 +0530 https://www.taxtmi.com/highlights?id=76539