‘Validity of Ipso Facto clauses in Indian Insolvency law’, an article curated by our team. for INSOl India.
The article focuses on the ipso facto clauses in the context of the Supreme Court judgment in Gujarat Urja Vikas Nigam Limited v. Amit Gupta & Ors, where the SC upheld the jurisdiction of NCLT to restrain termination of a PPA on the sole ground of initiation of insolvency of the debtor.
Authors: Pooja Mahajan, Savar Mahajan
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