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Insolvency and Bankruptcy Hotline
September 24, 2018Bondholders 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.
For complete article, please click here.