Can IREDA pursue remedies against Gensol parallelly under IBC and DRT?
“It is legally permissible for a financial creditor like IREDA to initiate parallel proceedings under both the DRT framework and the Insolvency and Bankruptcy Code (IBC) provided the objectives are distinct and not barred by law”, Akshat Khetan, Founder, AU Corporate Advisory and Legal Services said.
“It is legally permissible for a financial creditor like IREDA to initiate parallel proceedings under both the DRT framework and the Insolvency and Bankruptcy Code (IBC) provided the objectives are distinct and not barred by law”, Akshat Khetan, Founder, AU Corporate Advisory and Legal Services said.
