How Has IBC Positioned The Different Class Of Creditors?

This article deals with the differences that have been brought along with the changes in positions of creditors under the Insolvency and Bankruptcy Code. It gives an in-depth analysis of the process and the discussions that surround this issue while looking into judgements and the after-effects brought in by this change.

Arun Kumar Jagatramka v.  Jindal Steel and Power Ltd.

Facts Appellant (Jindal Steel and Power Limited), an unsecured creditor of Gujarat NRE Coke Limited (Corporate Debtor), preferred this[1] Appeal under Section 421 of the Companies Act, 2013 Act)[2] against order dated 15th May, 2018 passed by National Company Law Tribunal, Kolkata.  By the impugned order,…