The process under the ‘I&B Code’, once set in motion, is ...

Initiating Insolvency Under I&B Code Is Irreversible, May Affect Non-Defaulting Running Businesses in Resolution Process.

March 3, 2019

Case Laws     Insolvency and Bankruptcy     AT

The process under the ‘I&B Code’, once set in motion, is irreversible and leads to exceptional and serious consequences. - A running business, which has made no default, would be put under resolution process.

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