Supreme Court: Set-off Rights Need Formal Assertion During Corporate Insolvency, Not Automatic with RP Control.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....CIRP - Right to claim set-off in the Corporate Insolvency Resolution Process, when the RP proceeds to take custody and control of all the assets of the corporate debtor - The argument that insolvency set-off is automatic and self-executing rejected - SC....