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

Published on:

09 Jul 2020, 3:54 pm

2 min read

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).

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Madras High Court

IBC

CIRP

IBC Ordinance

COVID-19 fallout