Debenture Holder Archives

Role of navigation in policy-making sufficient to establish ‘related party’ status: Supreme Court upholds exclusion of debenture holder and trustee from CoC

Supreme Court held that a role of navigation in determining policy and channelising business interests is sufficient to establish related-party status under Section 5(24)(m)(i) of the IBC, upholding the exclusion of the Debenture Holder and Trustee from the CoC.

Case Briefs Supreme Court

SC upholds applicability of SEBI Circular; but gives a green signal to Reliance Commercial Finance resolution to avoid “unscrambling of resolution process”

“Such unscrambling of the resolution process will not only prove time-consuming, but may also adversely affect the agreed realized gains to the retail debenture holders, who have already consented to the negotiated settlement before the High Court.”