Who really decides the future of a company under insolvency? | IBC Series - Part 5 | SatyaArth Legal

Who really decides whether a company survives during insolvency?In Part 5 of our Insolvency & Bankruptcy Code (IBC) Series, we explore the Committee of Creditors (CoC) and understand why the law entrusts the commercial future of a distressed company to its financial creditors.Through the continuing story of ABC Steel, we uncover the philosophy behind one of the most important institutions under the IBC.Relevant Provisions:• Section 21 – Committee of Creditors• Section 22 – Appointment of Resolution Professional• Section 24 – Meetings of the Committee of Creditors• Section 27 – Replacement of Resolution Professional