Allahabad HC makes no exceptions for Power Sector when it comes to IBC

Varun Marwah August 30 2018
Allahabad High Court Judgment on Power Sector

The Allahabad High Court bench of Chief Justice Dilip Bhosale and Justice Yashwant Varma has recently refused to grant interim relief to the power sector from IBC proceedings.

While the matter is pending final adjudication, including a decision on the larger issue of the vires of Sections 35AA and 35AB of the Banking Regulations Act (inserted by Ordinance in 2017), the High Court has made clear its stance that no exceptions can . . .

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