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Recovery Certificate Under Debt Recovery Act Is Not Limited To Winding Up Proceedings Only But Extends To IBC: Clarifies Supreme Court

Read the article “Recovery Certificate Under Debt Recovery Act Is Not Limited To Winding Up Proceedings Only But Extends To IBC: Clarifies Supreme Court” authored by our Partner, Ravi Charan Pentapati published on Mondaq.

The judgement is a boon for creditors who can initiate claim as financial creditors under IBC based on recovery certificate issued under Debt Recovery Act even if the period of limitation from the date of original default has expired so long as they have initiated recovery proceedings in time and pursue it to get the adjudication of their claim along with issuance of recovery certificate by the DRT.

Read the full article here.

The article has also been published as follows:

Latest Laws

India Law Journal

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