Novation of contract or set off is not allowed in respect of a corporate entity undergoing CIRP without the consent of the Resolution Professional: Supreme Court
The Supreme Court on Wednesday ruled that Novation of contract or set off is not allowed in respect of a corporate entity undergoing CIRP without the consent of the Resolution Professional. The bench of Justices Indira Banerjee and A.S. Bopanna was dealing with the appeals challenging the judgment passed by Bombay HC, dismissing the appeal
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