Recovery proceedings or proceedings under Section 96 of the IBC, 2016 would not absolve the borrower who has been found to be a wilful defaulter
Section 95 of the IBC, 2016 states that a creditor either himself or jointly along with other creditors or through a Resolution Professional may file an application to the Adjudicating Authority for the initiation of the Insolvency Proceedings under the Code. Further, where any dent is owed to a partnership […]
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