Supreme Court’s Verdict: Recovery Suits Against Ailing Companies Permissible Unless Revival Scheme at Risk
In a recent ruling, the Supreme Court shed light on the nuanced complexities surrounding recovery suits against sick companies. Reiterating the significance of safeguarding the interests of both creditors and ailing enterprises, the apex court elucidated on the conditions under which such legal actions could proceed. The crux of the matter revolved around Section 22(1) …


