Supreme Court Judge, Justice Sanjay Kishan Kaul has said that Insolvency and Bankruptcy Code shifted India’s insolvency regime from the ‘debtor-in-possession’ to ‘creditor-in-control'
Supreme Court bench heard the two connected appeals of NOIDA against the judgment of the National Company Law Appellate Tribunal (NCLAT) and held that NOIDA is not a financial creditor but an operational creditor under the IBC
Supreme Court dismissed the plea challenging the judgment of the Tripura High Court, which in turn had dismissed a public interest litigation filed by Shubhankar Bhowmik.