Remedy against third party not available under Section 66 of IBC: SC

Gluckrich Capital Vs State of West Bengal (Supreme Court of India) Gluckrich Capital’s application seeking clarification of a judgment and order passed by the Supreme Court of India on February 24, 2023, has been dismissed. The application was filed by Gluckrich Capital, an unsecured financial creditor of M/s. Leading Hotels Limited (LHL), which is undergoing insolvency proceedings under the Insolvency and Bankruptcy Code, 2016. The Supreme Court had previously dismissed Gluckrich Capital’s Special Leave Petition challenging an interim order of the Delhi High Court. Gluckrich Capit...