In Brief
The Supreme Court held that a registered trade union can be an operational creditor under the Insolvency and Bankruptcy Code and can file insolvency petitions on behalf of its members for outstanding dues. The court rejected the argument that trade unions lack creditor status because they do not directly provide services to the company, holding that the union represents workers to whom wages or benefits are owed. This judgment clarifies that trade unions have standing in insolvency proceedings to protect workers' interests regarding unpaid dues.
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