2024 (8) TMI 996 - SCH - Insolvency and Bankruptcy

Entitlement to file an appeal as an Independent Director in the Corporate Debtor - aggrieved person regarding acceptance of claim of the financial creditor or the quantum of financial credit admitted or not - it was held by NCLAT that 'The claim, as well as constitution of CoC with voting share as per claim, was in the knowledge of appellant from the very beginning. There are no fault in the RP s admission of claim of Respondent No. 2'. HELD THAT - There are no reason to interfere with the impugned order - appeal dismissed.

Summary

The Supreme Court granted permission to file the appeal in Civil Appeal Diary No 27720 of 2024. The Court dismissed the Civil Appeals and upheld the order passed by the National Company Law Appellate Tribunal in Company Appeal (AT) (Insolvency) No 911 of 2023. Any pending applications were disposed of.