Initiation of CIRP - Related Parties - Financial Creditors - the ...

Insolvency and Bankruptcy

May 20, 2022

Initiation of CIRP - Related Parties - Financial Creditors - the documentary evidence on record clearly establishes that the entire loan was converted into equity and hence no claim is maintainable under the guise that this amount be treated as a ‘Financial Debt’ - this Tribunal holds that the Appellants are ‘Related Parties’ and there are no substantial grounds to interfere with the well-reasoned Order of the Adjudicating Authority - AT

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Initiation of CIRP - Related Parties - Financial Creditors - the ...

Insolvency and Bankruptcy

May 20, 2022

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