High Court Halts Auction of Corporate Debtor's Property; Parallel Proceedings Barred under Insolvency and Bankruptcy Code.

Auction of property of Corporate Debtor - Stay on auction proceedings - CIRP - parallel proceedings with respect to the main issue cannot take place in the High Court. The sale or liquidation of the assets of Respondent No. 4 will now be governed by the provisions of the IBC. .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X