When the debt dies but the third party security lives: the fate of third-party security under the IBC
Authors: Mr. Ashish Pahariya (Partner), Ms. Anisha Kumar (Principal Associate) Under the Insolvency and Bankruptcy Code, 2016 (“IBC”), the approval of a resolution plan under Section 31 of the IBC is statutorily binding on the corporate debtor, its creditors, and other stakeholders to the restructured arrangement embodied in the plan. While, it is a settled principle of law that […]