The apex court’s recent verdict on the grounded Indian carrier has raised significant concerns about the efficacy of the Insolvency and Bankruptcy Code in resolving disputes within a reasonable timeframe. After a five-year-long legal battle, the airline has finally been liquidated, leaving stakeholders wondering if the government will rise to the challenge of reforming the IBC
The National Company Law Appellate Tribunal, Delhi agrees to hear the petition filed by Google against the CCI order of October 25, 2022, directing the tech giant to deposit 10 percent penalty amount of Rs. 936.44 crore in the case Alphabet Inc & Ors vs Competition Commission of India & Ors