Auction of property of Corporate Debtor - Stay on auction ...
High Court Halts Auction of Corporate Debtor's Property; Parallel Proceedings Barred under Insolvency and Bankruptcy Code.
November 29, 2019
Case Laws Insolvency and Bankruptcy SC
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.
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