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Whether the provisions of IBC relating to Corporate Insolvency Resolution Process (CIRP) recognise the Principle of Insolvency Set-off. Interpretation of Regulation 29 of Liquidation Process Regulations, 2016. Bharti Airtel Ltd. and Another Vs. Vijaykumar V. Iyer and Others – Supreme Court.
Posted on Author Synergy Insolvency Professionals LLP
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 […]

