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Default, Section 10A & CoC

Introduction The judgment rendered by the Supreme Court of India in the matter arising from the insolvency proceedings against Hiranmaye Energy Ltd.1 constitutes a significant pronouncement on several foundational principles of the Insolvency and Bankruptcy Code, 2016 (hereinafter ‘the Code’ or ‘IBC’). The case, brought before the apex court at the instance of Power Trust…