Insolvency proceedings cannot be used to defeat a claim existing prior to the initiation of insolvency proceedings, Calcutta HC

Calcutta High Court
Calcutta High Court
Published on
3 min read

A Single Bench of the Calcutta High Court comprising Justice Moushumi Bhattacharya recently held that the corporate insolvency resolution procedure enumerated under the Insolvency and Bankruptcy Code, 2016 (IBC) cannot be used as a tool to curtail any claim which arose prior to the commencement of the insolvency proceedings.

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