Pervasive control makes a lender a related party

The Supreme Court on October 27, 2026 upheld the exclusion of ECL Finance and its debenture trustee from Palm Developers' Committee of Creditors. It held that steering a debtor's policy counts as related-party status under the insolvency law, even without complete control. (Lawchakra)

• The Supreme Court on October 27, 2026 upheld the exclusion of ECL Finance and its debenture trustee from Palm Developers' Committee of Creditors.
• It held that steering a debtor's policy counts as related-party status under the insolvency law, even without complete control.