Supreme Court of India · 2024-12-20
China Development Bank vs Doha Bank Q.P.S.C
- Citation / case number
- 2024 INSC 1029
- Court
- Supreme Court of India
- Petitioner
- China Development Bank
- Respondent
- Doha Bank Q.P.S.C
- Author
- Abhay S. Oka
- Bench
- Pankaj Mithal, Abhay S Oka
Judgment text excerpt
The Supreme Court addressed the classification of appellants as 'Financial Creditors' under Section 5(7) of the Insolvency and Bankruptcy Code, 2016 (IBC). The Court held that the appellants, based on the Deeds of Hypothecation, could be classified as Financial Creditors, affirming their inclusion in the Committee of Creditors. The judgment clarified the criteria for determining creditor status and the implications for secured creditors in insolvency proceedings.