TMI BlogValidity of Winding up order - Antrix, which initiated the proceedings for winding up, is neither a...Validity of Winding up order - Antrix, which initiated the proceedings for winding up, is neither a financial creditor nor an operational creditor nor a corporate applicant. This is why Antrix have not and could not have gone for insolvency resolution process, under the IBC, but taken recourse to Section 271(c) of the Companies Act, 2013. Hence the ratio in Jignesh Shah, as applicable to debts, whose recovery in any case should not have been time barred on the date of initiation of the proceedin..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
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