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Day 2 of the much-awaited 4th ILA Conference brought together eminent voices from India and abroad to examine insolvency law through the lens of entrepreneurship, risk-taking, and the importance of dignified second chances.
The case raises a critical legal intersection between debt recovery prosecutions and the insolvency resolution framework. A ruling that could reshape how courts handle cheque dishonour and payment-related offences against financially distressed individuals who are already undergoing insolvency proceedings, thereby preventing procedural overlap from undermining the statutory “fresh start” promised by the IBC.