Bondholders under IBC: Unravelling no action clauses
This article was originally published in the 24th September 2018 edition of
In this article, we explore the rights of a special class of creditors, i.e. holders of bonds (Bondholders) and their ability to initiate corporate insolvency resolution process (CIR Process) under IBC in light of “no action clauses” and issues arising thereof.
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