Vidarbha Industries Power Limited vs Axis Bank Limited, Civil Appeal Number 4633 of 2021.

Vidarbha Industries Power Limited vs Axis Bank Limited, Civil Appeal Number 4633 of 2021. The Core Conflict: Section 7(5) of the IBC For years, the legal consensus surrounding the Insolvency and Bankruptcy Code was that once a “debt” and a “default” were established, the Adjudicating Authority (NCLT) had no choice but to admit the Corporate […]