The appellate tribunal’s decision requiring the government’s dues be cleared first despite classifying it as an operational creditor under the IBC, could lead to similar claims from such creditors across sectors where licences are a major asset of the debtor, making resolutions untenable, they said.
from Latest Telecom News | Latest Telecom Industry News, Information and Update: ET Telecom : ETTelecom.com https://ift.tt/3tKhUts
Wednesday, April 21, 2021
NCLAT Aircel ruling to pose challenges for future insolvency cases, say experts
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