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Insolvency Ordinance Faces Challenge

Insolvency Ordinance Faces Challenge The Insolvency Ordinance, has been challenged in the form of Writ Petition before the Punjab and Haryana High Court, by RMS Pvt. Ltd. Facts: RMS Pvt. Ltd. had defaulted on approximately Rs. 100 Crores worth of loan. The resolution plan for repayment of dues to the lenders, had been submitted by…