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IBC - Highlights / Catch Notes

Home Highlights June 2020 Year 2020 This

Initiation of CIRP or liquidation of company - there is hardly ...

Insolvency and Bankruptcy

June 11, 2020

Initiation of CIRP or liquidation of company - there is hardly any possibility of any Resolution plan likely to be received during first stage of CIRP, if initiated, and thus it would be just and proper to put the Corporate Applicant Debtor under the liquidation process, in order to liquidate the Company, rather than to put it in CIRP in the first instance.

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