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IBC| OTS Proposals By Corporate Debtor Not Questioned By Suspended Directors- SC Dismisses Appeal Of Axis Bank, Upholds Condonation Of Delay By SBI In CIRP
The Supreme Court has dismissed the appeal filed by Axis Bank Limited in an IBC (Insolvency and Bankruptcy Code) related case and has upheld the...
IBC| Merely Because Liquidator Has Discretion Of Carrying Out Multiple Auction It Would Not Necessarily Mean That He Has Power To Cancel Valid Auction- SC
The Supreme Court while explaining the powers of a Liquidator in the auction process has observed that merely because a Liquidator has the power to...