Navigating CIRP Without a CoC: The IBC’s Structural Gap When the Sole Financial Creditor Is a Related Party
Introduction The jurisprudence of insolvency law, where financial creditor rights, formation of CoC1 and the CIRP2 goes even, until a related party enters the scenario. When the only financial creditor of a corporate debtor is a related party, certain legal and procedural implications may arise. One such legal knot lies at the intersection of formation of CoC and the statutory […]
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