IBC

Classification of creditors in Operational Creditors and Financial Creditors and granting them   exclusive rights under the Code had disastrous impact

Section 1 provides for short title, extent and commencement of the Code. The Code may be called Insolvency and Bankruptcy

Commercial life of a Corporate Person or an Individual may not remain financially sound for ever. There are times when

The Supreme Court in State Bank of India Vs. Consortium of Mr. Murari Lal Jalan and Mr. Florian Fritsch  (Civil Appeal No. 5023 – 5024/2024) held that one of the key objectives of the IBC  is to ensure the survival of the Corporate Debtor as a going concern, yet the same must not come at the cost of efficiency.  “Timely liquidation” should be preferred over an “endless resolution process”

The Supreme Court in V. S. Palanivel Vs. P. Sriram, CS, Liquidator  (Civil Appeal No.  9059- 9061 of 2022 )