Power to determine Related Party Status of Creditor was with Resolution Professional

Hari Vitthal Mission Vs Ravi Sethia (NCLAT Delhi) Conclusion: RP had excluded assessee from the COC as RP was empowered to decide about the status of a creditor as related party and the findings of RP and AA concluded assessee as related party in terms of provisions of Section 5 (24) of the Code. Held: Suasth Healthcare Foundation , the Corporate Debtor approached Hari Vitthal Mission , assessee to raise financial assistance of Rs. 44.2 crore for the construction of a hospital for affordable healthcare. An agreement was signed between Corporate Debtor and assessee. Assessee provided Rs. 50 cr...