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IBC - Highlights / Catch Notes

Home Highlights February 2021 Year 2021 This

CIRP - Relating parties - As on the date of it becoming a part ...

Insolvency and Bankruptcy

February 23, 2021

CIRP - Relating parties - As on the date of it becoming a part of the CoC, Respondent No. 2 was purely a Financial Creditor of the Corporate Debtor and hence, it cannot be said that because he was a related party of the Corporate Debtor prior to becoming a CoC member, Respondent No.2 is still a related party and cannot be a part of CoC. - Tri

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