Can Someone Save ABC Steel ? | IBC Series - Part 6 | SatyaArth Legal

Episode 6 — Who Gets a Chance to Save ABC Steel?ABC Steel finally gets a second chance. As the Resolution Professional invites potential Resolution Applicants, hope returns to the factory — until Raj considers buying his company back.Enter Section 29A, and the question changes: who should be allowed to rescue a company through the insolvency process?In this episode, we explore Section 25, Section 29 and Section 29A of the IBC, 2016, through the story of ABC Steel and Raj.