Supreme Court clarifies the definition of “related party” under the Insolvency and Bankruptcy Code: Phoenix Arc vs. Spade Financial (2021)

/ Dhananjaya Y Chandrachud, Indira Banerjee, Indu Malhotra, Insolvency and Bankruptcy Code, 2016, Insolvency and Bankruptcy Code, 2016 with Section 21(2), Insolvency and Bankruptcy Code, 2016 with Section 5(24), Judges, Related Party

Supreme Court Clarifies “Related Party” Definition under IBC: Phoenix Arc vs. Spade Financial (2021) LEGAL ISSUE: Definition of “related party” under the Insolvency and Bankruptcy Code, 2016 (IBC). CASE TYPE: Insolvency Law Case Name: Phoenix Arc Private Limited vs. Spade Financial Services Limited & Ors. [Judgment Date]: 1 February 2021 Introduction Date of the Judgment: […]

Supreme Court clarifies the definition of “related party” under the Insolvency and Bankruptcy Code: Phoenix Arc vs. Spade Financial (2021) Read Post »