Vinergy International Pvt. Ltd v. Bharat Petroleum Corporation Ltd. - IBC - Clean Slate Principle

Insolvency and Bankruptcy Code 2016 - Resolution Plan - Clean Slate Principle - The Successful Resolution Applicant, who stepped into the shoes of the Corporate Debtor, cannot be fastened with the past liabilities of the corporate debtor which did not form part of the approved resolution plan, in the light of the Clean Slate principle applicable to it. (Para 5)