https://www.taxtmi.com/caselaws?id=781217 NCLAT held that the appellant's Form-C claim did not constitute a financial debt owed by the corporate debtor under the tripartite arrangement, as the loan was sanctioned to and payable by the borrower and the corporate debtor never undertook repayment. The resolution professional was not obliged to accept the claim; prior decrees obtained post-CIRP commencement were irrelevant. The tribunal found no infirmity in the claims admitted by the RP or in the resolution plan approved by the CoC and adjudicating authority and dismissed the appeal. en-us Wed, 29 Oct 2025 00:00:00 +0530 Thu, 13 Nov 2025 08:14:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781217 NCLAT held that the appellant's Form-C claim did not constitute a financial debt owed by the corporate debtor under the tripartite arrangement, as the loan was sanctioned to and payable by the borrower and the corporate debtor never undertook repayment. The resolution professional was not obliged to accept the claim; prior decrees obtained post-CIRP commencement were irrelevant. The tribunal found no infirmity in the claims admitted by the RP or in the resolution plan approved by the CoC and adjudicating authority and dismissed the appeal. Case-Laws IBC Wed, 29 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781217