Whether the observations made in the Forensic Audit Report can be the sole basis for Bank to conclude an event of Wilful Default? – High Court In this case, the petitioner is challenging an order from the Punjab National Bank (Respondent Bank) that declared them a “Wilful Defaulter” under the “Master Circular on Wilful Defaulters, […]
An interesting question came up before the SC, on the right to claim set-off in the Corporate Insolvency Resolution Process, when the Resolution Professional proceeds in terms of clause (a) to sub-section (2) of Section 25 of the Insolvency and Bankruptcy Code, 2016 to take custody and control of all the assets of the corporate […]
