Shareholder cannot be treated as ‘aggrieved party’ under IBC so appeal u/s. 61 not maintainable

Clarion Health Food LLP Vs Goli Vada Pav Pvt Ltd (NCLAT Delhi)

NCLAT Delhi held that the Shareholders or Investors in CD are not to be treated as “person aggrieved” under the IBC. Thus, application filed by the shareholder under section 61 of the Insolvency and Bankruptcy Code is not maintainable

Facts- This appeal has been filed by Clarion Health Food LLP under section 61 of the Insolvency and Bankruptcy Code, 2016 challenging the Impugned Order of Adjudicating Authority (National Company Law Tribunal, Mumbai Bench-II) passed on 05.09.2023 filed under t

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