In a recent ruling under the Right to Information Act, the Insolvencyand Bankruptcy Board of India (IBBI) has dismissed an appeal seeking disclosure of Committee of Creditors’ (CoC) voting results in the CIRP of a company, reiterating that such records are held in a fiduciary capacity and are exempt from disclosure under Section 8(d) of the RTI Act.
The Appellant had filed an RTI application requesting details of the voting outcomes of the CoC in the corporate insolvency resolution process (CIRP) of Three C Projects Pvt. Ltd.
The Central Public Information Officer (CPIO) of IBBI responded that the requested information was not available with the Board. Contending that IBBI, being the monitoring authority for insolvency…