Prithivraj Spinning Mill vs Indian Overseas Bank: Keeping the guard up
19 Mar 2021 02:23 AM IST
The Insolvency and Bankruptcy Code, 2016 is silent in regard to the corporate applicant’s commercial conduct between the time of filing of insolvency application under Section 10 and its subsequent admission/rejection by the adjudicating authority. In this case, when the debt-ridden corporate applicant settled its dues with the second respondent,