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Insolvency initiation application for recovery of interest only is not maintainable under IBC

CS Peer mehboob , Last updated: 27 February 2023  
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Background There are many judicial precedents where courts have reiterated that the objective of Insolvency and Bankruptcy Code, 2016 (IBC, 2016/Code) is not to facilitate money recovery proceedings but to facilitate corporate insolvency resolution process. Interest as part of debt is one of the

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CS Peer mehboob
(CS)
Category Corporate Law   Report

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