Supreme Court asks for amendment to Insolvency and Bankruptcy Rules

Varun Marwah November 16 2017
polygamy, lateral entry

The Supreme Court has for the second time allowed settlement to be recorded after admission of case under the Insolvency and Bankruptcy Code, 2016 (IBC).

This power was invoked under Article 142 of the Constitution which allows the Supreme Court to “pass such decree or make such order as is necessary for doing complete justice in any cause or matter pending before it.


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