Bombay HC To Decide Whether IBC Can Be Invoked Against Govt. Owned Companies [Read Order]

In a significant ruling, the Bombay High Court last week stayed proceedings before the National Company Law Tribunal, Mumbai in a company petition filed by a retired employee of Hindustan Antibiotics, the first public sector drug manufacturing company set up by the Government of India.A division bench of Justice SC Dharmadhikari and Justice RI Chagla were hearing an interim application moved...