The issues that arise for Consideration are as under:
i) Whether the Committee of Creditors constituted under Section21 of the Code, 2016, could determine that M/s BVN Traders’ is a Financial or Operational Creditor?
ii) Whether the Resolution Professional could reclassify the status of a creditor from Financial to Operational Creditor based on the expert opinion despite that the Adjudicating Authority had taken a contrary view?
iii) Whether the Order of the Adjudicating Authority in upholding that BVN Traders is a Financial Creditor based on the majority decision of Committee of Creditors is valid?