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Avoidance Application Survival Post Cirp in Light of The Venus Judgement by Siddharth Sharma by Sachi Hiranandani is a document available to read on EtoBox.
The Delhi High Court ruled in Tata Steel BSL Ltd. v. Venus Recruitment Ltd. that avoidance applications under the Insolvency and Bankruptcy Code can survive beyond the conclusion of the Corporate Insolvency Resolution Process (CIRP) if not included in the resolution plan. This decision clarifies that such applications are independent proceedings aimed at protecting creditor interests and ensuring the recovery of public funds. The court emphasized the need for a distinction between the CIRP and avoidance app
- Author
- Sachi Hiranandani
- Language
- EN