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The appeal in this case challenges the High Court's decision favoring unsecured creditors' right to reject the scaled-down dues under the rehabilitation scheme. The Supreme Court was asked to determine
...if the provisions of the Sick Industrial Companies (Special Provisions) Act, 1985, which bind all creditors to accept the reduced dues, violate constitutional rights and whether the rehabilitation scheme can compel creditors to accept these terms.
Bench
Applied Acts & Sections
Section 53
–The Insolvency and Bankruptcy Code, 2016
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