Somdutta Bhattacharyya shares his view with Mint
Our Partner, Somdutta Bhattacharyya, shared his insights with Mint on the insolvency framework applicable to personal guarantors under the Insolvency and Bankruptcy Code, 2016, in the context of the recent proceedings concerning Zee Group founder and chairman emeritus Subhash Chandra.
Commenting on the scope of judicial review once a repayment plan has been approved by creditors, Somdutta noted that the National Company Law Tribunal’s role is limited to examining statutory compliance and legality, and does not extend to questioning the commercial wisdom of the committee of creditors or the level of recovery agreed under the plan.
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