Merely because Husband is in Corporate Debtor as Managing Director and his wife is Director in Operational Creditor, will not attract Section 5(24)(d) of IBC, 2016 – Viswaroopa Info Services India Pvt. Ltd. Vs. SITI Visions Digital Media Pvt. Ltd. – NCLT New Delhi Bench Court-II

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When Resolution Plan specifically empowers Successful Resolution Applicant to pursue the avoidance applications, the said provisions of the Plan shall bind everyone including the erstwhile Administrator/RP – Kapil Wadhawan Vs. Piramal Capital & Housing Finance Ltd. & Ors. – NCLAT New Delhi

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The Code does not provide that anyone can walk into at any time with the argument that he is interested to participate in CIRP in the interest of maximization of the value of the assets – Khayerbari Tea Company Ltd. Vs. Shyamal Kumar Bhattacharjee, RP of Kumlai Tea and Industries Ltd. – NCLT Kolkata Bench

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