NCLT and NCLAT cannot judicially innovate beyond the framework of the Insolvency and Bankruptcy Code while dealing with schemes of compromise and arrangement.
CS Professional · Insolvency and Bankruptcy - Law and Practice · PYQS · June 2026
NCLT and NCLAT cannot judicially innovate beyond the framework of the Insolvency and Bankruptcy Code while dealing with schemes of compromise and arrangement.
Answer & Explanation:
Arun Kumar Jagatramka V. Jindal Steel and Power Ltd.
Topics: Insolvency and Bankruptcy Code, 2016
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