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Specific Time Period to Realize Assets in Liquidation under IBC: Concept Put in Limbo
This article argues that the interpretation of the NCLT Mumbai Bench ruling, providing an indefinite extension for the realization of assets by a secured creditor, is contradictory to the settled stance taken by various other NCLT Benches. The decision undermines the entire edifice of IBC itself, which is the timely resolution of the proceedings.
Ruby Agrawal
Dec 15, 20256 min read
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