2019 (6) TMI 1652

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..... HAPATRA, HON'BLE MEMBER (TECHNICAL) For the Noida: Mr. P. Nagesh, Mr. Rachit Mittal and Mr. Ankit Khera, Advocates in C.A. No. 1046(PB)/2019 For the RP: Mr. Alok Kumar and Mr. Vinod Kumar Chaurasia, Advocates with Mr. P.S. Soni, RP ORDER CA.No. 1046(PB)/2019 The applicant - New Okhla Industrial Development Authority (for brevity 'NOIDA') has filed its claim before the Interim Resolution .....

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..... meaning of Indian Accounting Standards and therefore, it cannot be regarded as a 'Financial Creditor'. On the contrary learned counsel for the applicant-NOIDA has argued that it has to be regarded as 'Financial Creditor' within the meaning of Section 5 (8) (d) of the Code in as much as the amount of any liability in respect of lease/hire purchase agreement and the same is regarded as a finance o .....

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