SICA repeal and abatement of rehabilitation proceedings barred further control over company assets; illegal share allotments and sales were struck dow...
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Insolvency and BankruptcySeptember 6, 2023Case LawsAT
Initiation of CIRP - Threshold limit of default for admission of application - inclusion of interest for arriving at a claim - the quantum of interest comes into play as per the clauses of the Agreement of Sale entered into between the Parties. - Interest amount rightly added to meet the threshold limit. - AT
Initiation of CIRP - Threshold limit of default for admission of application - inclusion of interest for arriving at a claim - the quantum of interest comes into play as per the clauses of the Agreement of Sale entered into between the Parties. - Interest amount rightly added to meet the threshold limit. - AT
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