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Home Highlights December 2022 Year 2022 This

Delay in Revival of the Corporate Debtor - This Tribunal, on ...


Interpretation of "Any Person Aggrieved" in Section 61(1) Requires Direct Legal Grievance for Appeals under Insolvency Code.

December 7, 2022

Case Laws     Insolvency and Bankruptcy     AT

Delay in Revival of the Corporate Debtor - This Tribunal, on going through the words, any person Aggrieved, occurring in Section 61 (1) of the I & B Code, 2016, is of the view that in Section 61 (1) of the Code, the words Party Aggrieved, are not employed. For an affected person, the Order of an Adjudicating Authority, must cause a Legal Grievance, by wrongfully depriving him of something and in the process, his Legal Right is breached, by the act complained of. - AT

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