Examining the Legal Complexities of the Clean Slate Doctrine and its Implications for Post-approval Claims
Introduction A significant challenge to the process of Corporate Insolvency Resolution Process (CIRP) is the tendency of claimants to continue enforcing claims post-approval of the resolution plan by the Committee of Creditors (CoC), which creates what the court called a hydra-headed litigation scenario.1 The Supreme Court has time and again emphasised that such claims must be extinguished to ensure economic […]
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