Introduction Corporate debtors often seek to preserve older restructuring frameworks, while financial creditors insist that once those frameworks lose legal and commercial viability, the IBC must take its course. The Supreme Court’s recent decision in Omkara Assets Reconstruction Pvt. Ltd. v. Amit Chaturvedi1 confronts a variant of this tension. Primacy of IBC over defunct Scheme of Arrangement (SOA) The issue […]
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