Supreme Court settles rights of unsecured creditors in SICA rehabilitation schemes: Modi Rubber Ltd. vs. Continental Carbon India Ltd. (2023)

/ Constitutional Law, Constitutional Law with Article 300A, Judges, M.R. Shah, Sick Industrial Companies (Special Provisions) Act, 1985, Sick Industrial Companies (Special Provisions) Act, 1985 with Section 18, Sick Industrial Companies (Special Provisions) Act, 1985 with Section 19, Sick Industrial Companies (Special Provisions) Act, 1985 with Section 32, Sudhanshu Dhulia

Supreme Court Clarifies Rights of Unsecured Creditors Under SICA: Modi Rubber Ltd. vs. Continental Carbon India Ltd. (2023) LEGAL ISSUE: Whether an unsecured creditor can opt out of a rehabilitation scheme approved under the Sick Industrial Companies (Special Provisions) Act, 1985 (SICA) and recover their full dues later. CASE TYPE: Insolvency Law Case Name: Modi […]

Supreme Court settles rights of unsecured creditors in SICA rehabilitation schemes: Modi Rubber Ltd. vs. Continental Carbon India Ltd. (2023) Read Post »