Clean Slate Doctrine is a key principle under the Insolvency and Bankruptcy Code, 2016, guiding corporate insolvency in India. Read more about Clean Slate Doctrine under the Insolvency and Bankruptcy Code (IBC), Latest News
Clean Slate Doctrine Latest News
The Supreme Court’s recent judgment in Ujaas Energy reminds us that the Clean Slate Doctrine is directed at extinguishing claims and not necessarily every legal consequence that may flow from the facts underlying those claims.
About Clean Slate Doctrine
- It is a key legal principle embedded in the Insolvency and Bankruptcy Code, 2016 (“IBC”), which plays a pivotal role in the corporate insolvency process in India.
- The doctrine suggests that once a company successfully…