https://www.taxtmi.com/caselaws?id=430276 A financial creditor does not ordinarily have a pre-admission right to intervene in a Section 9 insolvency proceeding, because participation usually arises after admission of the application. On the exceptional facts recorded, however, intervention was permitted where the appellant was the largest financial creditor and produced material suggesting insurance settlement, discharge, and subrogation documents that could affect the operational creditor's maintainability. The intervention was therefore confined to those peculiar facts and was not treated as a general rule. en-us Mon, 14 Nov 2022 00:00:00 +0530 Wed, 16 Nov 2022 08:57:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430276 A financial creditor does not ordinarily have a pre-admission right to intervene in a Section 9 insolvency proceeding, because participation usually arises after admission of the application. On the exceptional facts recorded, however, intervention was permitted where the appellant was the largest financial creditor and produced material suggesting insurance settlement, discharge, and subrogation documents that could affect the operational creditor's maintainability. The intervention was therefore confined to those peculiar facts and was not treated as a general rule. Case-Laws Insolvency and Bankruptcy Mon, 14 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430276