Insider
Legal definition for Indian law research
Definition
insider
: a person who is in a position of power or has access to confidential information: as
a : one (as an officer, director, employee, relative, or owner of more than 10% of the corporation's stock) who is in a position to have special knowledge of the affairs of or to influence the decisions of a company
b : an individual (as a relative or an influential party) or entity (as a corporate affiliate) having a close relationship with a debtor such that transactions are not made at arm's length and are subject to closer scrutiny than the transactions of those dealing at arm's length
Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.