Amazon cannot question initiation of CIRP proceedings against corporate debtor

Bank of India Vs Future Retail Limited (NCLT Mumbai) The present intervention petition filed by the Amazon.com is dismissed as it is not even a stakeholder in respect of corporate debtor. Held that being a third-party, Amazon.com cannot question the initiation of CIRP proceedings u/s 7 of IBC 2016 against the Corporate Debtor. Facts- Financial Creditor (Bank of India), provided various credit facilities to the Corporate Debtor amounting to Rs. 1249.48 Crores and non-fund-based limits to the tune of Rs. 192.14 Crores, which were extended from time to time. These facilities were restructured und...