Informal Restructuring No Bar To Insolvency If Debt & Default Proven: Supreme Court
New Delhi, Feb 25 (KNN) The Supreme Court on Tuesday observed that the existence of a debt restructuring arrangement does not prevent the initiation of a Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC). A Bench of Justices Sanjay Kumar and K Vinod Chandran set aside a ruling of the National…

