Classification of Creditors as Financial Creditors based on Deed of Hypothecation

Doha Bank Q.P.S.C Vs Anish Nanavaty (NCLT Mumbai) Adjudicating Authority (Hon’ble National Company Law Tribunal (NCLT), Mumbai Bench) in IA No. 3055/MB/2019 in C.P(IB) No. 1385/(MB)/2017 in the matter of Reliance Infratel Limited (Corporate Debtor) dealt with issue of claims admitted by Resolution Professional of Corporate Debtor for indirect lenders i.e. who were the lenders of Reliance Communication Limited (RCOM), Corporate Debtor holding Company and one of its subsidiaries viz. Reliance Telecom Limited (RTL), as financial creditors of the Corporate Debtor, on the basis of a purported Dee...