The tribunal held that the appellant being a shareholder of the company is not the “aggrieved party” as per the provisions of the Code
The New Delhi bench of the National Company Law Appellate Tribunal ( NCLAT ) ruled that a shareholder of the company is not the “aggrieved party” as per the provisions of the Code therefore appeal filed by him under section 61 of the Code would not be maintainable.
Clarion Health Food LLP filed appeal under section 61 of the Insolvency and Bankruptcy Code, 2016. ( ‘Code’) challenging the Impugned Order of Adjudicating Authority passed on 05.09.2023 filed under the provisions of the Section 9 of the Code.
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The Appellant is…
