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IBC - Highlights / Catch Notes

Home Highlights April 2019 Year 2019 This

Pre-admission proceedings - The limited enquiry has been ...


Shift from Limited Enquiry to Comprehensive Trial in CIRP Pre-Admission: Adjudicating Authority Must Follow IBC Rules & Timelines.

April 17, 2019

Case Laws     Insolvency and Bankruptcy     AT

Pre-admission proceedings - The limited enquiry has been converted into a full dressed trial - Corporate Insolvency Resolution Process is not a recovery proceeding and the Adjudicating Authority has to strictly adhere to the rules of procedure and the timelines set out in the I&B Code - efforts to derail the process should be frustrated

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