https://www.taxtmi.com/caselaws?id=766087 NCLAT dismissed the appeal challenging the classification of appellant as a related party of the corporate debtor. The Tribunal found operational and financial interdependence through the UOMA agreement established the related party relationship. The appellant's termination notice dated 31.12.2018 for termination effective 31.01.2019 violated the three-month notice requirement under UOMA terms, which could not be waived without written consent. The Tribunal concluded no error existed in the original findings regarding related party classification under IBC provisions. en-us Thu, 13 Feb 2025 00:00:00 +0530 Tue, 18 Feb 2025 08:10:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766087 NCLAT dismissed the appeal challenging the classification of appellant as a related party of the corporate debtor. The Tribunal found operational and financial interdependence through the UOMA agreement established the related party relationship. The appellant's termination notice dated 31.12.2018 for termination effective 31.01.2019 violated the three-month notice requirement under UOMA terms, which could not be waived without written consent. The Tribunal concluded no error existed in the original findings regarding related party classification under IBC provisions. Case-Laws IBC Thu, 13 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766087