The Clean Slate Doctrine is a key legal principle embedded in the Insolvency and Bankruptcy Code, 2016 (“IBC”), which plays a pivotal role in the corporate insolvency process in India.
Clean Slate Doctrine under the Insolvency and Bankruptcy Code (IBC) Latest News
The Delhi High Court recently confirmed the “clean slate” doctrine under the Insolvency and Bankruptcy Code (IBC) by holding that a successful resolution applicant cannot be burdened with the criminal liabilities of a corporate debtor’s past management.
About Clean Slate Doctrine under the Insolvency and Bankruptcy Code
- The Clean Slate Doctrine is a key legal principle embedded in the Insolvency and Bankruptcy Code, 2016 (“IBC”), which plays a pivotal…