https://www.taxtmi.com/caselaws?id=781141 Appellant sought classification as a secured financial creditor; RP refused pending production of sanction letters. NCLAT held that the adjudicating authority's direction to release amounts held as bank security could not be sustained. Record showed non-fund facilities were backed by fixed deposits bearing lien endorsements as cash collateral; no separate sanction order was necessary. The bank established its status as a secured financial creditor and the RP was directed to classify it accordingly. Appeal allowed. en-us Fri, 31 Oct 2025 00:00:00 +0530 Wed, 12 Nov 2025 08:17:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781141 Appellant sought classification as a secured financial creditor; RP refused pending production of sanction letters. NCLAT held that the adjudicating authority's direction to release amounts held as bank security could not be sustained. Record showed non-fund facilities were backed by fixed deposits bearing lien endorsements as cash collateral; no separate sanction order was necessary. The bank established its status as a secured financial creditor and the RP was directed to classify it accordingly. Appeal allowed. Case-Laws IBC Fri, 31 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781141