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IBC - Highlights / Catch Notes

Home Highlights February 2019 Year 2019 This

Initiation of corporate insolvency resolution process - lapses ...


Corporate Debtor's Non-Compliance with Section 8(2)(a) of Insolvency Code Risks Process Obstruction.

February 28, 2019

Case Laws     Insolvency and Bankruptcy     Tri

Initiation of corporate insolvency resolution process - lapses on the part of CD in not complying with the direction in section 8(2)(a) of the Code of 2016 cannot be allowed to grow beyond its size so as to come in the way of accepting the prayer of the CD made in the counter affidavit.

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