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Claims of depositors of corporate debtor to be considered by CoC: SC

February 5, 2020[2020] 114 taxmann.com 64 (SC)
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IBC : Where appellant-depositors who invested in fixed deposits with respondent No. 1-DHFL challenged orders passed by High Court restraining respondent No. 1 from making any payments towards their fixed deposits but on an application filed by Reserve Bank of India corporate insolvency resolution process was initiated against respondent No. 1 and moratorium had been declared, it was held that claims that were made by depositors would be considered by Committee of Creditors and Administrator without being influenced by orders passed by High Court and appellant could raise all points and contentions before Committee of Creditors, Administrators and if necessary, NCLT

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