https://www.taxtmi.com/highlights?id=71920 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 en-us Mon, 11 Sep 2023 15:00:39 +0530 Mon, 11 Sep 2023 15:00:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=71920 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 Highlights Insolvency and Bankruptcy Mon, 11 Sep 2023 15:00:39 +0530 https://www.taxtmi.com/highlights?id=71920