Case of Amisha in Sky Creations Pvt Ltd vs Sandeep D Maheshwari, NCLAT Delhi Judgement Dated 12th May 2026.The appellate tribunal that a company that mortgaged its property to help a borrower secure a bank loan could not claim to be a financial creditor in the borrower insolvency proceedings merely because it was promised interest in return. It directed that appellant claim be treated as that of an ‘other creditor’, with further steps depending on the terms of the approved resolution plan.
(Link: NCLAT Delhi Judgement Dated 12/05/2026)