Appeal by shareholder not maintained as shareholder is not person aggrieved u/s. 61 of IBC

Peninsula Holdings and Investments Pvt. Ltd Vs JM Financial Credit Solutions Limited (NCLAT Delhi)

NCLAT Delhi held that present appeal is not maintainable as shareholder is not a person aggrieved under section 61 of the Insolvency and Bankruptcy Code. Accordingly, order admitting CIRP u/s. 7 sustained.

Facts- This appeal has been preferred by Peninsula Holdings and Investments Pvt. Ltd. under Section 61 of the Insolvency and Bankruptcy Code, 2016, challenging the Order dated 14.07.2025 passed by the National Company Law Tribunal, Mumbai.

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