National Company Law Tribunal (NCLT) Chairman Justice M M Kumar today said that Article 14 of the Constitution (right to equality) can be invoked if the committee of creditors violates the Insolvency and Bankruptcy Code law while examining business restructuring plan and proposals.
“Article 14 of the Constitution can come in case of COCs (committee of creditors) violate IBC (Insolvency and Bankruptcy Code) law, Kumar said while addressing a seminar on ‘Business Restructuring-Evolving Legal Issues and Imperatives’ organised by PHDCCI.
Kumar further said in case of any violation of enacted law by CoCs comes into notice in examining the business restructuring plan and proposal referred to NCLT, the Article 14 of the In…
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