Vidarbha Industries Judgment – Time For Financial Creditors To Exercise Discretion?

The judgement made way for a fresh defence that can be availed by the corporate debtor against the initiation of CIRP against it by a financial creditor, especially where an award in favour of the corporate debtor is made in an appeal write Pallavi Pratap, Advocate-on-Record, Supreme Court of India and Rahul Tomar (4th year – BA.LLB, NLU, Jodhpur).