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Two Steps Back?: Dismissal of Review Petition Before Supreme Court in Vidarbha Industries vs Axis Bank Ltd

“The Apex Court in Vidarbha noted that the Code does not countenance dishonesty or deliberate failure to repay the dues of an operational creditor. However, it remains to be seen if the different standards for financial creditors held in Vidarbha would increase the risk of such failure or dishonesty being countenanced on the part of financial creditors.”

Read the full article below.

https://www.livelaw.in/law-firms/law-firm-articles-/review-petition-supreme-court-vidarbha-industries-axis-bank-ltd-insolvency-and-bankruptcy-code-cirp-national-company-law-tribunal-216190

The article was also been published on Latestlaws.

Published On:

  • December 13, 2022

Counsel Involved:

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