CAN A MEMBER OF COMMITTEE OF CREDITORS (OR ITS PROMOTERS) FILE A RESOLUTION PLAN

In a writ petition titled M/s Experion Developers Pvt. Ltd. v. Union of India & Ors.1 (“Writ”) filed before the Hon’ble High Court of Delhi (“DHC”), the constitutional validity of the proviso to Section 30(5)2 of Insolvency and Bankruptcy Code, 2016 (“Code”) has been challenged as being arbitrary, unreasonable, and contrary to the ethos and prime objective of the Code.

Amicus Alert- CAN A MEMBER OF COMMITTEE OF CREDITORS (OR ITS PROMOTERS) FILE A RESOLUTION .

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