Section 29A of the IBC 2016 and its jurisprudence
November 17, 2021
The Insolvency and Bankruptcy Code 2016 (‘IBC’)overhauled the erstwhile insolvency regime with a focus onthe resolution of insolvency via re-organisation as opposed to liquidation. It aims to fairly balance the interests of creditors and the company undergoing Corporate Resolution Insolvency Process (CIRP). Prior to the insertion of Section 29A via...
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