Initiation of CIRP - Financial creditors - The ‘Event of ...

IDBI Bank's 'Event of Default' Invalidated, Challenging CIRP Initiation by Financial Creditors Under Inconsistent Agreements.

November 17, 2022

Case Laws Insolvency and Bankruptcy AT

Initiation of CIRP - Financial creditors - The ‘Event of Default’ declared by the Respondent IDBI Bank has not been declared in accordance with the Inter-se Agreement entered into between participating banks of the Bank of Baroda consortium and the Security Trustee Agreement, and therefore cannot be called a valid ‘Event of Default’. - AT

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Initiation of CIRP - Financial creditors - The ‘Event of ...

IDBI Bank's 'Event of Default' Invalidated, Challenging CIRP Initiation by Financial Creditors Under Inconsistent Agreements.

November 17, 2022

Case Laws Insolvency and Bankruptcy AT

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