Case Law Details
Case Name : DBS Bank India Pvt. Ltd Vs Rakesh Kumar Jain (NCLAT Delhi)
Appeal Number : Company Appeal (At) (Insolvency) No. 540 of 2021
Date of Judgement/Order : 15/09/2022
Related Assessment Year :
Courts :
NCLAT
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DBS Bank India Pvt. Ltd Vs Rakesh Kumar Jain (NCLAT Delhi)
Regulation 12(3) of CIRP Reguations, 2016, reads as follows:
“12. Submission of proof of claims.
(3) Where the creditor in sub-regulation (2) is (a financial creditor under Regulation 8), it shall be included in the committee from the date of admission of such claim:
Provided that such inclusion shall not affect validity of any decision taken by the committee prior to such inclusion.”
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