Govt may oppose NCLAT order on ‘creditors’ in SC https://ift.tt/2O1taBe - Walletnews For Me

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Thursday, July 18, 2019

Govt may oppose NCLAT order on ‘creditors’ in SC https://ift.tt/2O1taBe

The government may oppose the National Company Law Appellate Tribunal’s (NCLAT’s) order, which sought to treat secured creditors and operational creditors such as suppliers on a par, in the Supreme Court. The move is in addition to amendments proposed in the Insolvency & Bankruptcy Code (IBC) to ensure balance between the two categories.
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