Allahabad HC on enforcement under IBC of a scheme under SICA

Bar Council

The Allahabad High Court recently dealt with another writ petition filed by an ex-director of Lohia Machines Limited (LML), a company facing moratorium, praying that the repayment plan which was pending before the Board for Industrial and Financial Reconstruction (BIFR) remain operative despite moratorium.

Deepak Singhania, the petitioner, along with two others had Facebook Comment