https://www.taxtmi.com/caselaws?id=403599 The court concluded that Spade and AAA were not considered financial creditors due to the collusive nature of their transactions with the Corporate Debtor. Additionally, the court found that Spade and AAA were related parties of the Corporate Debtor and therefore should be excluded from the Committee of Creditors in accordance with the relevant provisions of the Insolvency and Bankruptcy Code. The appeals were disposed of accordingly, and any pending applications were also resolved. en-us Mon, 01 Feb 2021 00:00:00 +0530 Fri, 15 Jul 2022 15:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403599 The court concluded that Spade and AAA were not considered financial creditors due to the collusive nature of their transactions with the Corporate Debtor. Additionally, the court found that Spade and AAA were related parties of the Corporate Debtor and therefore should be excluded from the Committee of Creditors in accordance with the relevant provisions of the Insolvency and Bankruptcy Code. The appeals were disposed of accordingly, and any pending applications were also resolved. Case-Laws Insolvency and Bankruptcy Mon, 01 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403599