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Proceedings under Bankruptcy Code couldn't be stalled due to pendency of other statutory proceedings

December 1, 2018[2018] 99 95 (NCLT - Ahd.)

IBC: In view of overriding effect given to section 238, proceedings under bankruptcy code could not be stalled due to pendency of some other statutory proceedings

IBC: Where section 10 of IBC and rule 7 of IBC (AAA) Rules, 2016 are silent in respect of furnishing a copy of balance sheet and audited statements of company before ROC, such non-submission could not be bar to initiate corporate insolvency resolution process

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