Supreme Court upholds exclusion of ECL Finance, IDBI Trusteeship from Saha Infratech insolvency CoC
The Supreme Court has upheld the exclusion of ECL Finance Limited and IDBI Trusteeship Services Limited from the committee of creditors (CoC) in the insolvency proceedings of Palm Developers Private Limited, holding that ECL’s extensive contractual powers over the company’s management and business policy made it a related party under the Insolvency and Bankruptcy Code,…

