IBC: Promoter Participation Cannot Be Allowed At Liquidation Stage, Says Abhishek Manu Singhvi
Lock and key. (Photographer: David Paul Morris/Bloomberg)

IBC: Promoter Participation Cannot Be Allowed At Liquidation Stage, Says Abhishek Manu Singhvi

The Reserve Bank of India’s Feb. 12 circular was “mindless”, Section 29A of the Insolvency and Bankruptcy Code is “inelegant”, “lacks precision” and the cause of majority litigation, and courts tak...
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