Committee Approved Resolution Plan – The Final Words?
Sanya Chandela[i] The Insolvency and Bankruptcy Code of India, 2016 (‘IBC’ or ‘the Code’) is a unique legislation that has paved a way for not only helping out the default-ridden entities, but it also seeks to protect the interest of the creditors. Liquidation of an entity that has the potential to significantly contribute to the economy would be futile especially when the interest of a large number of stakeholders is involved and there is a high possibility of bringing it ou