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IBC - Highlights / Catch Notes

Home Highlights August 2023 Year 2023 This

Removal of appellant from Committee of Creditors - Financial ...


Appellant Removed from Creditors' Committee, Labeled Collaborator Due to No Financial Creditor Status Under IBC Section 5(8.

August 1, 2023

Case Laws     Insolvency and Bankruptcy     AT

Removal of appellant from Committee of Creditors - Financial Creditors or not - the appellant was a collaborator in the development agreement and not a financial creditor. There was no disbursement for time value of money by the appellant within meaning of Section 5(8) of the IBC. - AT

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