Clean Slate: The Interface Between Arbitration and Insolvency Processes in India
Kluwer Arbitration
SEPTEMBER 26, 2024
The resolution professional admitted the claim at a notional value of INR 1 (approximately USD 0.012) to ensure Indian Oil’s participation in the insolvency process. The Delhi High Court Judgment Following the Supreme Court’s decision, the resolution plan was implemented and Arcelor Mittal acquired Essar in 2019.
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