All. HC: Arbitrator’s Requirement to Provide Reason Hinges on Pleadings & Available Docs. on Record  ||  Supreme Court: No Provision Under GST Act for Pre-payment Prior to Adjudication  ||  Supreme Court: Cannot Set Aside Conviction Only on the Ground that Witness Turned Hostile  ||  SC: Can Use Witness Statement Recorded In Absence of Accused, if Conditions of S. 299 CrPC Fulfilled  ||  Del. HC: Administration has Turned Blind Eye Towards Functioning of Dairies in National Capital  ||  Delhi High Court: Ramping Up of Food Sampling & Testing Required in National Capital  ||  Bom. HC: Ensure Availability of Essential Infrastructure to Implement e-Mulakaat System in Prisons  ||  Supreme Court: Concept of 'Parental Alienation Syndrome' Discussed in Child Custody Dispute  ||  Allahabad HC: Person Reposing Faith in Islam Cannot Claim Right in Nature of Live-in-Relationship  ||  Bom. HC: Renaming of Aurangabad and Osmanabad to Chhatrapati Sambhajinagar And Dharashiv Upheld    

SC: Financial Creditor Can be Excluded from CoC if it Got Rid of 'Related Party' Label - (02 Feb 2021)

INSOLVENCY

Supreme Court has held that a financial creditor which is not a "related party" to the corporate debtor at present can also be excluded from the Committee of Creditors (CoC) if it is found that its removal of the "related party" label was a part of strategy to bypass the bar under Section 21(2), first proviso of the Insolvency and Bankruptcy Code, 2016 (IBC).

Tags : SUPREME COURT   FINANCIAL CREDITOR  

Share :        

Disclaimer | Copyright 2024 - All Rights Reserved