Definition of Connected Person
Of the many terms used in the Insolvency and Bankruptcy Code (IBC), 2016, the term ‘connected person’ often finds its scope blurred around the edges. However, it is touted as one of the most important terms used in Section 29A...
Definition and Concept of Related Party
The term Related Party is given under Section 5(24) of the Insolvency and Bankruptcy Code, 2016. The Code describes it as a commutative relationship between the related party and the corporate debtor. Earlier, there was no definition regarding Related Party...