Rights of Financial Creditors under IBC explained by Supreme Court
"Initiation of proceedings by a financial creditor under other statutes does not bar filing of an application under the provisions of IBC, 2016. Moreover, mere pendency of a counterclaim for damages against a financial creditor will not operate as a bar on the right of the financial creditor to invoke the provisions of IBC."
B. Prashanth Hegde v. SBI [2026] GCtR 141 (SC)
No comments:
Post a Comment