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IBC - Highlights / Catch Notes

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CIRP - Related party - Appellant being ‘related party’ cannot be ...


Appellant Disqualified from CoC as Related Party in CIRP; IRP's Reclassification Decision Upheld Under Insolvency Regulations.

November 24, 2022

Case Laws     Insolvency and Bankruptcy     AT

CIRP - Related party - Appellant being ‘related party’ cannot be part of the CoC - present is not a case where IRP has reviewed its decision - there is no error in the decision of the IRP, changing the category of the Appellant from Financial Creditor to related Financial Creditor. - AT

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