RBI governor reaffirms primacy of financial creditors over operational creditors in IBC
RBI governor Shaktikanta Das has reaffirmed the primacy of financial creditor in the Insolvency and bankruptcy process. In his keynote...
Operational creditors
Rights of operational creditors to seek judicial review of resolution plan before NCLT
By Pallavi Parmar The IBC Code has provided with different sets of creditors – while financial creditors are to predominantly...
FISME demands priority in payment to MSME operational creditors under insolvency resolution process
The Federation of Indian Micro, Small and Medium Enterprises (FISME) has proposed for some amendments in Insolvency and Bankruptcy Code...
HC dismisses Kolkata Municipal Corporation plea challenging IRP’s control over attached property
Can a property having been seized by a government agency in recovery of its statutory claims against the corporate debtor...
No justice for operational creditors under IBC framework
The National Company Law Appellate Tribunal (NCLAT) has admitted that operational creditors, who are aggrieved at the step-motherly treatment meted...
Plea of Uttam Value Steel operational creditors for fair treatment dismissed by NCLT
It is no secret that the operational creditors have got a raw deal when it comes to getting their outstanding...