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IBC - Highlights / Catch Notes

Home Highlights June 2019 Year 2019 This

Initiation of CIRP - Except the Corporate Debtor, no other party ...

Insolvency and Bankruptcy

June 19, 2019

Initiation of CIRP - Except the Corporate Debtor, no other party has right to intervene at the stage of admission of a petition u/s 7 or 9. However, an aggrieved party may prefer an appeal if the order of admission affects the person - if the RP wants to take possession of the Hotel the Appellant may bring facts regarding its claim to the notice who will decide it in the light of explanation to Section 18(f) of the I&B Code

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