30/07/2023, 3 years ago
NCLAT Clarifies Operational Creditor’s Rights in IBC Insolvency Proceedings
Background In the instant case at hand TP Central Odisha Distribution Ltd. v. COS Board Industries Ltd, Since both appeals raise similar factual and legal issues, the NCLAT decides both of the appeals that are challenging the Adjudicating Authority’s ruling together. In both cases, a Corporate Insolvency Resolution Process was started against the Corporate Debtor, […]