PR-0175Principles · Banking · Wanted
Insolvency Is Not a Recovery Proceeding
Scope
The rule that the insolvency process exists to revive the company and may not be used as a means of collecting a debt.
Authorities to start from
- Swiss Ribbons (P) Ltd. v. Union of India, (2019) 4 SCC 17
- Mobilox Innovations (P) Ltd. v. Kirusa Software (P) Ltd., (2018) 1 SCC 353
These are places to start. Please check each one against the original before relying on it. Follow one to see which other entries start from it.
Nobody has written this entry yet. If you are a law student you can claim it. It helps to read how FPR works first.
Download the writer’s kit A Word file set up for this entry: the outline a Principle follows, these authorities, and the length.