Insolvency and Bankruptcy Hotline September 24, 2018

Bondholders under IBC: Unravelling no action clauses


This article was originally published in the 24th September 2018 edition of


Summary:

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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Mohammad Kamran, Arjun Gupta & Simone Reis

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