IBC Amendment Bill 2019

Major update on IBC Amendment Bill 2019, on 4th July 2019, the National Company Law Appellate Tribunal (“NCLAT”) pronounced a judgement in the Essar Steel case[1], which provides for parity between financial creditors and operational creditors in the resolution plan. The judgement has received discontentment and concerns amongst leading market creditors from approaching the Insolvency […]