M&A Critique

Compulsorily Convertible Debentures cannot be considered as “Financial Debt” to initiate CIRP

Facts of the Case:

Before Initiation of CIRP

  • Appeal is preferred by IFCI Limited (“Appellant”) under Section 61 of the Insolvency and Bankruptcy Code, 2016 (hereinafter r...

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Aniruddha Jain