Related party coverage expanded in section 49 amendment, expressly extending the proviso to include a corporate debtor's related party. Section 49 is amended in the proviso to clause (a) by inserting the words "or a related party of the corporate debtor, as the case may be" after ... Summary
Related party coverage expanded in section 49 amendment, expressly extending the proviso to include a corporate debtor's related party.
Section 49 is amended in the proviso to clause (a) by inserting the words "or a related party of the corporate debtor, as the case may be" after "corporate debtor". The amendment expressly extends the clause to cover both the corporate debtor and, where relevant, a related party of the corporate debtor.
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