2020 (6) TMI 392

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....ugopal M., Judicial Member Ms. Lakshmi Gurung, Sr. Standing Counsel and Ms. Easha Kadian, Jr. Standing Counsel for the Appellant. Ashwini Kumar Singh, Liquidator for the Respondent. ORDER 1. 'Principal Commissioner of Income-tax Central - 2, Chennai' moved application to set aside the order dated 19th September, 2019 whereby order of Income-tax Department dated 4th October, 2018 for a....

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....is an Operational Creditor. We have brought it to the notice of learned counsel for the Appellant that in Form B of Insolvency and Bankruptcy Board of India (Corporate Insolvency Resolution Process) Regulation there is no provision made for Operational Creditors to claim that Corporate Debtor has created security interest. On the other hand, in Form C, which is meant for Financial Creditors, there....