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Informative

Discretionary Right Of Tribunal Under IBC Cannot Be Used To Impel Financial Creditor To Consider Settlement: NCLT

Update / Judgement Date

29 Sept 2025

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

Insolvency & Bankruptcy Code

The NCLT clarified that its discretionary powers under IBC cannot be exercised to compel financial creditors to consider settlement, reinforcing creditor autonomy within insolvency proceedings.