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.