Breach of Settlement and Restoration of Section 9 Petition
Introduction The relentless march of new-age commerce demands a robust legal framework. This system must prioritize transparency and the swift resolution of financial defaults to maintain market stability. A critical legal dilemma arises when a Corporate Debtor attempts to veil a default through accounting maneuvers. Specifically, the court must determine if a debtor can legally misallocate payments between past arrears […]
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