NCLAT: Binani, Essar, Bhushan & moreMay 27 2018
Most of the big cases which were pushed into resolution process under the Insolvency and Bankruptcy Code (IBC) last year continue to remain unresolved despite crossing the statutory 270-day time period; which is mostly a result of the numerous disputes arising during the process.
Broadly speaking, most cases are stuck at different stages of selection of resolution applicants. While in some, disputes have been triggered prior to selection of winning bidder, in some, it is even after the bidder has been approved by the NCLT.
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