The Insolvency and Bankruptcy Code, 2016 has restructured the economy by promoting its objectives namely the maximization of value of assets, promotion of entrepreneurship, availability of credit and balancing the interests of the stakeholders. Since the commencement and effect of the Insolvency and Bankruptcy Code, 2016 (IBC) on 28 May 2016, the Adjudicating Authorities have upheld the objectives of IBC through a catena of judgements. One such case is the matter concerning Indian Overseas Bank v. RCM Infrastructure Ltd. and Ors. [Company Appeal (AT) (Insolvency) No.