https://www.taxtmi.com/caselaws?id=796149 Discounted invoices acquired by a bank under a TReDS reverse-factoring arrangement remain operational debt where the bank pays suppliers for pre-existing trade receivables and does not disburse funds to the corporate debtor for the time value of money. Assignment changes the payee, not the nature of the underlying trade payable, so the bank stands in the suppliers' position as an operational creditor. An alleged error in recording a concession does not affect the result where classification is independently determined on merits. A creditor that delays filing its claim in the directed operational-creditor category need not be included in an approved plan, particularly after full implementation, payments, and dissolution of the monitoring committee. en-us Wed, 29 Jul 2026 00:00:00 +0530 Sat, 01 Aug 2026 08:34:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796149 Discounted invoices acquired by a bank under a TReDS reverse-factoring arrangement remain operational debt where the bank pays suppliers for pre-existing trade receivables and does not disburse funds to the corporate debtor for the time value of money. Assignment changes the payee, not the nature of the underlying trade payable, so the bank stands in the suppliers' position as an operational creditor. An alleged error in recording a concession does not affect the result where classification is independently determined on merits. A creditor that delays filing its claim in the directed operational-creditor category need not be included in an approved plan, particularly after full implementation, payments, and dissolution of the monitoring committee. Case-Laws IBC Wed, 29 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796149