Home Case Index All Cases Companies Law Companies Law + Tri Companies Law - 2019 (3) TMI Tri This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2019 (3) TMI 1605 - Tri - Companies LawIncorporation of the claim of the Applicant herein as a Financial Creditor in the CoC - Mortgage of security towards loan - no corporate guarantee executed - HELD THAT:- The Applicant/ Mortgagee of properties of the Corporate Debtor, who had advanced loan to a third party, is a Financial Creditor of the Corporate Debtor, who is also entitled to exercise voting rights under the Code for enabling the successful implementation of CIRP. Accordingly the Resolution Professional is directed to collate the claim received from the Applicant as a Financial Creditor and include the Applicant in the CoC. Application allowed.
|