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 Corpo

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