Supreme Court clarifies the time limit for rectifying defects in insolvency applications: M/S. Surendra Trading Company vs. M/S. Juggilal Kamlapat Jute Mills Company Limited and Others (2017) INSC 758 (19 September 2017)

/ A.K. Sikri, Ashok Bhushan, Insolvency and Bankruptcy Code, 2016, Insolvency and Bankruptcy Code, 2016 with Section 252, Insolvency and Bankruptcy Code, 2016 with Section 9, Insolvency Resolution Process, Judges, SICA Proceedings, Sick Industrial Companies (Special Provisions) Act, 1985

Can an application for corporate insolvency be rejected if defects are not rectified within seven days? The Supreme Court of India addressed this question, clarifying the nature of the seven-day time limit for rectifying defects in applications filed by operational creditors under the Insolvency and Bankruptcy Code, 2016. This judgment has significant implications for the […]

Supreme Court clarifies the time limit for rectifying defects in insolvency applications: M/S. Surendra Trading Company vs. M/S. Juggilal Kamlapat Jute Mills Company Limited and Others (2017) INSC 758 (19 September 2017) Read Post »