Extinguishment of Claims Under the IBC: A Fresh Slate
In this article, the authors analyse the issue of extinguishment of claims in order to provide a fresh slate to the resolution applicant who takes over the debt ridden corporate debtor in light of the Supreme Court’s Essar Judgment. Recently, the National Company Law Appellate Tribunal and the Rajasthan High Court have relied on the same to hold that the claims prior to the passing of the resolution plan stand extinguished. Continue reading Extinguishment of Claims Under the IBC: A Fresh Slate