“Can a circular override the Code?”#IBC #NCLAT #Liquidation #Insolvency #corporatelaw

In this short, we cover the NCLAT judgment in Rajesh Landmark Projects Pvt. Ltd. (2025), where the key question was: Can an IBBI circular override Section 34 of the Insolvency and Bankruptcy Code (IBC)?

The NCLAT held that:
✔️ RP shall be appointed as liquidator unless specific grounds under Section 34(4) exist.
✔️ CoC’s recommendation is binding, subject to eligibility.
✔️ Circulars cannot override statutory provisions of the IBC.

👉 A landmark ruling reaffirming that the Code is supreme over administrative instructions.

⚖️ #IBC #NCLAT #Insolvency #CorporateLaw #Liquidation

Видео “Can a circular override the Code?”#IBC #NCLAT #Liquidation #Insolvency #corporatelaw канала RR Corporates