Removal of appellant from Committee of Creditors - Financial ...
Appellant Removed from Creditors' Committee, Labeled Collaborator Due to No Financial Creditor Status Under IBC Section 5(8.
August 1, 2023
Case Laws Insolvency and Bankruptcy AT
Removal of appellant from Committee of Creditors - Financial Creditors or not - the appellant was a collaborator in the development agreement and not a financial creditor. There was no disbursement for time value of money by the appellant within meaning of Section 5(8) of the IBC. - AT
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