In 2021, Metropolis Healthcare Limited (“MHL”) announced a proposed acquisition of 100% equity shares of Dr. Ganesan’s Hitech Diagnostic Centre Private Limited and its subsidiary (‘Hitech’) for consideration in the form...
Compulsorily Convertible Debentures cannot be considered as “Financial Debt” to initiate CIRP
Facts of the Case:Before Initiation of CIRPAppeal is preferred by IFCI Limited (“Appellant”) under Section 61 of the Insolvency and Bankruptcy Code, 2016 (hereinafter referred to as the ‘Code’) against the Impugned...
