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        Case ID :
        Insolvency and Bankruptcy

        E-auction of assets corporate debtors - who can participate -...

        E-Auction Participation Rules: Defining 'Related Party' & 'Relative' for Resolution Applicants in Asset Sales.

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                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.
                                E-auction of assets corporate debtors - who can participate - Scope of the term related party / relative - The expressions ‘related party’ and ‘relative’ contained in the definition sections must be read noscitur a sociis with the categories of person mentioned in Explanation I. So read, it would include only persons who are connected with the business activity of the resolution applicant. - it is clearly manifest that the disqualification sought to be attached to the appellant is without any substance as the related party had ceased to be in the helm of affairs of the corporate debtor more than a decade ago. - SC
                                Note: It is a system-generated summary and is for quick reference only.
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