CIRP - Aggrieved person or not / Locus Standi of minor ...

Minor Creditor Lacks Standing in Auction Outcome, NCLAT Dismisses Appeals for Insufficient Legal Injury in CIRP Case.

May 9, 2024

Case Laws Insolvency and Bankruptcy AT

CIRP - Aggrieved person or not / Locus Standi of minor operational creditor - The Appellate tribunal (NCLAT) found that the appellant, as a minor operational creditor, did not suffer any legal injury or infringement of rights from the auction outcome, given that their stake did not confer significant influence over the liquidation process. The tribunal ruled that the appellant did not qualify as an 'aggrieved person' and thus dismissed the appeals on the grounds of lack of standing.

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CIRP - Aggrieved person or not / Locus Standi of minor ...

Minor Creditor Lacks Standing in Auction Outcome, NCLAT Dismisses Appeals for Insufficient Legal Injury in CIRP Case.

May 9, 2024

Case Laws Insolvency and Bankruptcy AT

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