https://www.taxtmi.com/caselaws?id=443848 The Court ruled in favor of the appellant, determining that they are not a "related party" under Section 5(24) of the Insolvency and Bankruptcy Code, 2016. The appellant, a Stressed Assets Stabilization Fund, was found to be a Government Sector Undertaking with limited voting rights, exempting them from disqualification criteria. The Court remitted the matter back to the NCLAT for consideration of additional arguments raised by the appellant. The appeal was allowed, with each party bearing their own costs, and other contentions left open for further pursuit. en-us Thu, 14 Sep 2023 00:00:00 +0530 Wed, 04 Oct 2023 07:17:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443848 The Court ruled in favor of the appellant, determining that they are not a "related party" under Section 5(24) of the Insolvency and Bankruptcy Code, 2016. The appellant, a Stressed Assets Stabilization Fund, was found to be a Government Sector Undertaking with limited voting rights, exempting them from disqualification criteria. The Court remitted the matter back to the NCLAT for consideration of additional arguments raised by the appellant. The appeal was allowed, with each party bearing their own costs, and other contentions left open for further pursuit. Case-Laws Insolvency and Bankruptcy Thu, 14 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443848