This case highlights the manipulation by a resolution professional (RP) in forming the committee of creditors (COC), favoring related parties as creditors despite their ineligibility. The COC, responsible for deciding on bids and the company's fate, faces potential bias. Such actions jeopardize fair bankruptcy proceedings and raise concerns over corporate governance.
#ResolutionProfessional #CommitteeOfCreditors #CorporateGovernance #BankruptcyProceedings #FinancialCreditor #RelatedParties #BidEvaluation #CorporateMismanagement #InsolvencyProcess #DebtRecovery #CreditorsRights #FinancialTransparency #CorporateFraud #LegalCompliance #CorporateEthicsFor
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