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Section 29A(c) of the IBC and the Trouble with Subhkam: A Purposive Reading of Control
Subhkam should never have been transplanted: SAST and IBC pursue divergent objectives, the SAT order was non-precedential by direct Supreme Court fiat, and the positive-control reading under-includes the negative-control defaulter-promoters Parliament meant to capture.
Vedant Bharadwaj
3 days ago6 min read
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