The Supreme Court of India has set aside the orders of the National Company Law Tribunal (NCLT) and the National Company Law Appellate Tribunal (NCLAT) which had refused to initiate the Corporate Insolvency Resolution Process (CIRP) against Ecstasy Realty Pvt. Ltd. A Bench of Justice Sanjay Kumar and Justice K. Vinod Chandran, in the judgment
Informal Restructuring Talks Cannot Override Binding Terms of Debenture Trust Deed: Supreme Court Overturns NCLAT Order
