20/12/2023, 2 years ago
Supreme Court Defines Insolvency Proceedings Boundaries in Property Auctions
Introduction: The Supreme Court, in a recent ruling, delineated the intricacies of property auctions concerning insolvent entities under the Insolvency and Bankruptcy Code, 2016 (IBC). The case, involving Amrit Hatcheries Pvt. Ltd. and Punjab National Bank, elucidates the legality of property sales before the declaration of a moratorium under the IBC, asserting that such assets […]