Redemption of Debentures using Section 71(10), Companies Act read with Rule 73, NCLT Rules: An underutilized provision

Most of us know that a debenture holder is a “financial creditor” under the Insolvency and Bankruptcy Code, 2016 (“IBC”) regime. Most of us also know that if the default of redeeming these debentures exceed ₹1 crore, only then can they approach National Company Law Tribunal (“NCLT”) under the IBC regime.

Please click here to read the full article by Harshavardhan Abburi, published in Bar and Bench.