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In this episode by INDIALAW LLP, we unpack a Supreme Court ruling in Sincere Securities v. Chandrakant Khemka. The Court held that the moratorium under Section 14(1)(d) cannot block...
In this episode by INDIALAW LLP, we unpack a Supreme Court
ruling in Sincere Securities v. Chandrakant Khemka. The Court held
that the moratorium under Section 14(1)(d) cannot block the
surrender of property when approved by the Committee of Creditors.
This decision reinforces creditor-driven resolution, affirms the
primacy of CoC's commercial wisdom, and curbs misuse of the
moratorium by suspended management.
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