by admin | Sep 25, 2022 | Insolvency, Law
In the present case, in order to expand it’s chemical manufacturing plant, the Corporate Debtor raised capital from Respondent no. 1 M/s Beacon Trusteeship Ltd. The second tranche of the capital was not forthcoming and therefore, the Corporate Debtor took recourse to...by admin | Sep 8, 2022 | Insolvency, Law
The Supreme Court in State Tax Officer v. Rainbow Papers Ltd. has held that the Committee of Creditors cannot secure it’s own dues at the cost of statutory dues owed to any Governmental Authority. Any Resolution Plan that ignores the statutory demands payable to any...
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