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SUPREME COURT HOLDS TRANSFER OF WINDING UP PROCEEDINGS TO NCLT CAN BE SOUGHT BY ANY CREDITOR OF THE CORPORATE DEBTOR

One of the objectives of the #Insolvency and Bankruptcy Code 2016 (‘#IBC’) is to reorganize insolvent Corporate Persons, Partnership Firms and Individuals in a time-bound manner for maximization of value of assets of such persons.


To read more, please visit the link below:


http://www.theindianlawyer.in/blog/2020/12/01/supreme-court-holds-transfer-of-winding-up-proceedings-to-nclt-can-be-sought-by-any-creditor-of-the-corporate-debtor/


#supremecourt #windingup #nclt #creditor #corporatedebtor

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