There cannot be a complete ban on filing of petitions under Sections 7, Section 9 of IBC: PIL in Madras High Court against June 5 Ordinance

"This is like the government is encouraging the defaulters... by such a notification/ ordinance, the right of litigants approaching the IBC is taken away thereby encouraging the defaulters", states the plea.
IBC Amendment Ordinance, 2020
IBC Amendment Ordinance, 2020

The Madras High Court has sought the Centre's response on a PIL challenging the "ban on filing of a petition under section 7 and section 9 under the IBC" brought about by the IBC ordinance of June 5, 2020, in view of the COVID-19 pandemic (Gagan Bothra v. The Central government and ors).

Loading content, please wait...
Bar and Bench - Indian Legal news