Can IBC be triggered against a Government Company? NCLT to answer soon

As the jurisprudence on the Insolvency and Bankruptcy Code, 2016 (Code) is rapidly evolving, Judicial Member Anantha Padbanabha Swamy of the Chennai Bench of NCLT will soon be pronouncing an order on whether insolvency process can be initiated against a Government Company under provisions of the Code.

An application has been filed under Section 9 of the Code, in their capacity as operational creditors, by Ind Bharath Power Gencom Ltd, Ind Bharath Thermal Limited and . . .

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