Lenders Exercising Policy Influence Over Corporate Debtor Are Related Parties, Ineligible for CoC: SC

Lenders Exercising Policy Influence Over Corporate Debtor Are Related Parties, Ineligible for CoC: SC New Delhi, Oct 29 (KNN) The Supreme Court has held that lenders and debenture holders exercising pervasive influence over a corporate debtor's management and policy decisions can be treated as related parties under the Insolvency and Bankruptcy Code (IBC), 2016, and excluded from participating in the Committee of Creditors (CoC). A bench of Justices JB Pardiwala and K Vinod Chandran dismi

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