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HNGIL’s Insolvency Fiasco: The Dysfunction of the CoC and the RP in the HNGILCIRP

Brief Facts The evolving interface between competition law and insolvency regulation has given rise to a complex set of questions regarding regulatory sequencing, statutory harmonisation, and market oversight.  The Committee of Creditors (CoC), under the Insolvency and Bankruptcy Code, 2016 (“IBC”/ “the Code”), are entrusted with the responsibility of reorganisation and resolution of a debt-ridden…