Only Genuine Pre-Existing Disputes Can Bar CIRP Under IBC – The Legal Affair

Introduction: In M/s. Saraswati Wire and Cable Industries v. Mohammad Moinuddin Khan and Others, the Supreme Court of India delivered a significant ruling that further strengthens the integrity, objectivity, and speed of the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016 (IBC). The controversy emerged when the Operational Creditor, Saraswati Wire…

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