Tuesday, January 15, 2019

Declaration of moratorium will not cause stay of proceedings beneficial to corporate debtor: HC

IBBC : Interim order was passed by Appellate Tribunal under sections 241, read with section 242 of the Companies Act, 2013 which prohibited proceedings against IL&FS (corporate debtor) and its 348 Group Companies, which restrained any kind of recovery from IL&FS herein, but not proceedings beneficial to IL&FS, entitling it for recovering any amount from other parties

from www.taxmann.com Latest Case Laws http://bit.ly/2FtnZEP
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