https://www.taxtmi.com/manuals?id=5640 The statutory definition of "relative" under the Insolvency and Bankruptcy Code, 2016 specifies included kinship categories: members of a Hindu Undivided Family; spouses; parents; children; multiple generations of descendants; siblings; children of siblings; and parents' siblings. It also expressly includes the spouses of a son, daughter, sister or brother, thereby incorporating certain in laws. This definition serves as the operative benchmark for determining related-party status in insolvency and bankruptcy contexts. en-us Thu, 24 Oct 2024 12:15:00 +0530 Thu, 24 Oct 2024 12:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=5640 The statutory definition of "relative" under the Insolvency and Bankruptcy Code, 2016 specifies included kinship categories: members of a Hindu Undivided Family; spouses; parents; children; multiple generations of descendants; siblings; children of siblings; and parents' siblings. It also expressly includes the spouses of a son, daughter, sister or brother, thereby incorporating certain in laws. This definition serves as the operative benchmark for determining related-party status in insolvency and bankruptcy contexts. Manuals Insolvency and Bankruptcy Thu, 24 Oct 2024 12:15:00 +0530 https://www.taxtmi.com/manuals?id=5640