SC to hear case today: Binani’s insolvency resolution may become … – The Indian Express

Supreme Court of India

Binani Cements insolvency resolution could become a test case for the Insolvency and Bankruptcy Code (IBC), with the Supreme Court slated to start hearing the arguments in this case Friday. While the Committee of Creditors had earlier selected a bidder Rajputana Properties Pvt Ltd (RRPL) to takeover Binani Cement during the course of the Corporate Insolvency Resolution Process (CIRP), the panel later expressed its willingness to go ahead with an out-of-court settlement if Binani…

Read the full article at: http://indianexpress.com/article/business/companies/supreme-court-to-hear-case-today-binanis-insolvency-resolution-may-become-ibc-test-case-5135302/