‘IBC was not enacted to punish promoters’, Binani tells Supreme CourtApril 10 2018
The holding company of Binani Cements, Binani Industries, has now taken the Ultratech matter to the Supreme Court, in its attempt to terminate the resolution process initiated under the Insolvency and Bankruptcy Code, 2016 (IBC).
Binani Industries has moved to the Supreme Court by the way of an appeal filed under Section 62 of the IBC, against an NCLAT order dated April 5, 2018.
Brief factual background
Binani Cement went into . . .
This content is restricted to subscribers
With a premium account you get:
- One year of unrestrcited access to previous interviews, columns and articles
- One year access to all archival material
- Access to all Bar & Bench reports