IBC Doesn’t Equate Treatment of Related and Unrelated Parties: NCLAT

West Coast Paper Mills Ltd. Vs Bijay Murmuria (NCLAT Delhi) In the case of West Coast Paper Mills Ltd. vs. Bijay Murmuria, the National Company Law Appellate Tribunal (NCLAT) deliberated on critical issues regarding the treatment of related and unrelated parties under the Insolvency and Bankruptcy Code, 2016 (IBC). The appeal raised by West Coast Paper Mills Ltd. (hereafter referred to as “the Appellant”) primarily contested its treatment as an unsecured financial creditor and alleged discrimination in comparison to other financial creditors during the corporate insolvency resoluti...