![National Company Law Appellate Tribunal](/wp-content/uploads/2023/02/MicrosoftTeams-image-458-440x293.png)
Do Third-party/shareholders have locus to challenge initiation of CIRP against Corporate Debtor? NCLAT answers
The NCLAT held that there is no law which allows a third party or shareholders to settle the claims of Financial Creditor on behalf of the Corporate Debtor, M/s McDowell Holdings Limited.