IBC Laws Blog

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When application for approval of Resolution Plan is yet to be filed, a better offer received from any Prospective Resolution Applicant(PRA) constitutes a changed circumstance, as such the CoC should be allowed to give a fair chance and level playing field to all other PRAs to enhance their Resolution Plans

The Division Bench of Smt. Bidisha Banerjee, Member (Judicial) and Shri D. Arvind, Member (Technical), NCLT, Kolkata has considered the preamble of the Insolvency and Bankruptcy Code and various case laws to  hold that...

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