Strict Timelines and Finality in Appeals under IBC: Supreme Court in Tata Steel v. Raj Kumar Banerjee
The IBC framework prioritizes speed and finality, aiming to prevent the erosion of asset value and maximize recoveries for creditors. There lies a strict adherence to prescribed timelines, particularly concerning appeals against decisions made during the insolvency resolution process. While the law acknowledges the possibility of delays and provides a limited window for condonation, the recent Supreme Court judgment in […]
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