https://www.taxtmi.com/highlights?id=76655 CIRP - The Tribunal concluded that the security agreement was intended as additional security and did not absolve the debtor of its repayment obligations. The Tribunal reinforced that the original and subsequent agreements clearly outlined that the debtor was to remain liable for its debts, which were to be secured by specific mortgaged properties. The Tribunal upheld the decision of the lower court, allowing the claims of the financial institution as a creditor in the insolvency process. en-us Wed, 17 Apr 2024 10:43:41 +0530 Wed, 17 Apr 2024 10:43:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=76655 CIRP - The Tribunal concluded that the security agreement was intended as additional security and did not absolve the debtor of its repayment obligations. The Tribunal reinforced that the original and subsequent agreements clearly outlined that the debtor was to remain liable for its debts, which were to be secured by specific mortgaged properties. The Tribunal upheld the decision of the lower court, allowing the claims of the financial institution as a creditor in the insolvency process. Highlights Insolvency and Bankruptcy Wed, 17 Apr 2024 10:43:41 +0530 https://www.taxtmi.com/highlights?id=76655