https://www.taxtmi.com/caselaws?id=428219 The Tribunal upheld the RP's decision to classify Hari Vitthal Mission (HVM) as a related party to Suasth Healthcare Foundation, excluding HVM from the Committee of Creditors. The Tribunal found that KF's control over both entities established HVM as a related party under Sections 5(24)(h), (i), and (j) of the IBC. Additionally, the Tribunal affirmed the RP's authority to determine related party status, rejecting the argument that the RP exceeded his powers. The application was denied, and HVM remained excluded from the CoC based on the Tribunal's findings. en-us Fri, 23 Sep 2022 00:00:00 +0530 Tue, 27 Sep 2022 07:16:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428219 The Tribunal upheld the RP's decision to classify Hari Vitthal Mission (HVM) as a related party to Suasth Healthcare Foundation, excluding HVM from the Committee of Creditors. The Tribunal found that KF's control over both entities established HVM as a related party under Sections 5(24)(h), (i), and (j) of the IBC. Additionally, the Tribunal affirmed the RP's authority to determine related party status, rejecting the argument that the RP exceeded his powers. The application was denied, and HVM remained excluded from the CoC based on the Tribunal's findings. Case-Laws Insolvency and Bankruptcy Fri, 23 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428219