Allocation of Profits to Financial Creditors During CIRP in the Absence of RFRP and Resolution Plan Provisions
Abstract In a recent case between Kalyan Janata Sahakari Bank Ltd. and Cicil Biochem Private Limited, the Mumbai Bench of…
Suspension of Insolvency Proceedings extended by 3 months
The Ministry of Corporate Affairs by a notification dated September 24,2020 has extended the suspension for Insolvency proceedings having default…