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Landmark Rulings of Supreme Court and NCLAT on IBC

June 11, 2019[2019] 106 taxmann.com 47 (Article)
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The Insolvency & Bankruptcy Code, 2016 (IBC) has been in operation for more than 2 years now. It changed the scenario of debt recovery and the concept from “debtor-controlled company management” to the “creditors-controlled company management.” This paradigm shift has been possible, inter alia, due to the positive interpretation of the provisions of the IBC by the Hon’ble Supreme Court of India and by the National Company Law Appellate Tribunal (NCLAT).
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