NCLAT Rejects Amisha's Secured Creditor Claim in Setubandhan Insolvency

NCLAT dismissed Amisha's appeal seeking recognition as a secured financial creditor of Setubandhan Infrastructure Ltd.
Tribunal ruled mortgage arrangement lacked monetary disbursement, failing IBC's financial debt definition.
NCLAT partially allowed RP's appeal, quashing NCLT's order classifying Amisha as secured financial creditor.
Tribunal directed RP to consider Amisha's claim as 'other creditor' if resolution plan provides for such category.