ECL Finance Ltd and Anr v. Abhinav Mukherjee and Ors
2026 INSC 115927 October 202610 min read
Supreme Court Bars Financier from Creditors' Committee, Upholds "Related Party" Status Under IBC
The Supreme Court held that a lender with pervasive control over a corporate debtor's policy decisions is a "related party" and cannot participate in the Committee of Creditors.
Case Snapshot
- Case Name
- ECL Finance Ltd. and Anr. v. Abhinav Mukherjee and Ors.
- Citation
- 2026 INSC 1159
- Bench
- Justice J.B. Pardiwala and Justice K. Vinod Chandran
- Date of Judgment
- October 27, 2026
- Area of Law
- Insolvency and Bankruptcy Code, 2016 – Section 5(24)(m)(i) – Section 21 – Related Party – Committee of Creditors (CoC)
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