High Court Upholds Different Roles for Creditors in Insolvency Proceedings Under 2016 Code; No Constitutional Violation Found.

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....Financial creditor versus Operational creditor - different treatment - right to be in the Committee of Creditors (COC) - The rationale of giving a particular treatment to a financial creditor in the process of insolvency of a company under the Code of 2016 cannot be said to offend any provisions of the Constitution of India - HC....