This case involves three connected appeals filed by Kotak Mahindra Bank Ltd. before the National Company Law Appellate Tribunal (NCLAT), challenging orders passed by the National Company Law Tribunal (NCLT), Mumbai Bench-I (Adjudicating Authority). The disputes revolve around the classification of claims by various financial creditors (IDBI Bank Ltd., State Bank of India, Kotak Mahindra Bank Ltd., Edelweiss Asset Reconstruction Company Ltd., and Standard Chartered Bank) in the liquidation process of Gupta Synthetics Ltd. (Corporate Debtor - CD). Financial facilities were extended to the CD by a consortium of banks, with charges created and registered in 2006 and 2008. Subsequently, these facilities were restructured, leading to questions about whether re-registration

This case involves three connected appeals filed by Kotak Mahindra Bank Ltd. before the National Company Law Appellate Tribunal (NCLAT), challenging orders passed by the National Company Law Tribunal (NCLT), Mumbai Bench-I (Adjudicating Authority). The disputes revolve around the classification of claims by various financial creditors (IDBI Bank Ltd., State Bank of India, Kotak Mahindra Bank Ltd., Edelweiss Asset Reconstruction Company Ltd., and Standard Chartered Bank) in the liquidation process of Gupta Synthetics Ltd. (Corporate Debtor - CD). Financial facilities were extended to the CD by a consortium of banks, with charges created and registered in 2006 and 2008. Subsequently, these facilities were restructured, leading to questions about whether re-registration