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Sathish Kumar A S

Latest Posts by Sathish Kumar A S

Operational Creditors in IBC – a Health Check

August 10, 2020 2235 Views 2 comments Print

Insolvency and Bankruptcy Code, 2016 inter alia empowers an Operational Creditor to initiate an application for a corporate insolvency resolution process (CIRP) against the Corporate Debtor if the default is in excess of Rs. 1 Cr. Sections 8 & 9 of the Code are the governing provisions through which this process gets initiated.

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