We are pleased to share that Argus Partners successfully represented Assets Care & Reconstruction Enterprise Limited (“ACRE”) before the National Company Law Tribunal (NCLT), Kolkata, in a matter concerning the consolidation of Corporate Insolvency Resolution Processes (“CIRPs”).

In its ruling, the Tribunal held that consolidation of CIRPs is not permissible where the Committee of Creditors (CoC) has already rejected the proposal and where one of the CIRPs has progressed to an advanced stage.

The Argus Partners team representing ACRE comprised Soorjya Ganguli (Senior Partner), Pooja Chakrabarti (Partner), and Kiran Sharma (Principal Associate – Designate).

Read more at: IBC Laws