https://www.taxtmi.com/caselaws?id=472017 Committee of Creditors, constituted under the Insolvency and Bankruptcy Code for specified functions in the corporate insolvency resolution process, has no separate legal existence or independent capacity to sue, be sued, or seek impleadment. Its collective decisions and communications must be placed before the Adjudicating Authority through the Resolution Professional, who represents it in proceedings. Where a dispute concerns only an individual financial creditor's authority to represent lenders and seeks no relief against or prejudice to the Committee, the Committee is neither a necessary nor a proper party. en-us Tue, 26 Aug 2025 00:00:00 +0530 Sun, 27 Sep 2026 15:27:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472017 Committee of Creditors, constituted under the Insolvency and Bankruptcy Code for specified functions in the corporate insolvency resolution process, has no separate legal existence or independent capacity to sue, be sued, or seek impleadment. Its collective decisions and communications must be placed before the Adjudicating Authority through the Resolution Professional, who represents it in proceedings. Where a dispute concerns only an individual financial creditor's authority to represent lenders and seeks no relief against or prejudice to the Committee, the Committee is neither a necessary nor a proper party. Case-Laws IBC Tue, 26 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472017