TReDS receivables remain operational debt, and implemented resolution plans cannot be reopened through delayed creditor reclassification claims.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....TReDS reverse-factoring receivables remain operational debt where a bank pays suppliers against discounted invoices and receives assigned pre-existing trade receivables; no funds are disbursed to the corporate debtor against time value of money. Invoice discounts and delayed-payment charges compensate early realisation rather than create an independent loan, and assignment does not change the debt's operational character. A creditor directed to file its claim as operational debt cannot rely on an incorrect-category filing after declining timely submission in the prescribed form. An approved and implemented resolution plan is binding and cannot ordinarily be reopened beyond limited statutory appeal grounds, preventing relief that would disturb completed resolution.....