Material Placed By Financial Creditor In Section 7 IBC Application Should Be Examined; Corporate Debtor Can’t Delay Process By Raising Moonshine Defence: Supreme Court
The Supreme Court has reiterated that the proceedings under the IBC cannot be defeated by a corporate debtor by raising a moonshine defence only to delay the process. The Apex Court further affirmed that the adjudicating authority must advert to the contentions put forth on the application filed under Section 7 of the IBC and…

