Delhi HC bars govt from seeking old dues after IBC resolution plan
Delhi High Court said government authorities cannot stay out of a company’s insolvency process and then seek recovery of old dues after the resolution plan is approved, in a ruling tied to Jaiprakash-linked imports.
New Delhi, Sept.
2 -- The Delhi High Court on Wednesday said government authorities cannot remain outside a company's insolvency process and later seek recovery of old dues after the resolution plan is approved.The ruling related to digital and network video recorders imported by Jaiprakash Associa…