https://www.taxtmi.com/caselaws?id=412776 The Tribunal determined that ASK Investment Managers Limited qualifies as a related party of the Corporate Debtor under the Insolvency and Bankruptcy Code. Consequently, ASK Investment Managers Limited was deemed ineligible to be a member of the Committee of Creditors with voting rights to prevent conflicts of interest and uphold the impartiality of the insolvency resolution process. The Tribunal allowed the appeals, setting aside the order that previously included ASK Investment Managers Limited in the CoC, emphasizing the importance of excluding related parties from influencing decision-making in insolvency proceedings. en-us Mon, 20 Sep 2021 00:00:00 +0530 Sat, 25 Sep 2021 13:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412776 The Tribunal determined that ASK Investment Managers Limited qualifies as a related party of the Corporate Debtor under the Insolvency and Bankruptcy Code. Consequently, ASK Investment Managers Limited was deemed ineligible to be a member of the Committee of Creditors with voting rights to prevent conflicts of interest and uphold the impartiality of the insolvency resolution process. The Tribunal allowed the appeals, setting aside the order that previously included ASK Investment Managers Limited in the CoC, emphasizing the importance of excluding related parties from influencing decision-making in insolvency proceedings. Case-Laws Insolvency and Bankruptcy Mon, 20 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412776