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S&R Associates
As a part of a series of relief measures in response to the current pandemic situation, the Finance Minister of India has announced on May 17, 2020 a proposed suspension of fresh initiation...
King, Stubb & Kasiva
The Micro, Small and Medium Enterprises (MSME) sector has emerged vividly as a progressive segment in recent times.
King, Stubb & Kasiva
One of the most gabbed and appalling legislation in recent times has been the development of the Insolvency & Bankruptcy Code, 2016 ("IBC") as a recovery mechanism.
S&R Associates
For the success of any insolvency regime, it is critical that distressed companies are prevented from takings measures which could hamper recovery to creditors in the event insolvency proceedings were to commence.
Chandhiok & Mahajan
The disruptions caused on account of COVID – 19 have put immense financial stress on companies around the world, leading to severe challenges in debt servicing.
Vaish Associates Advocates
The outbreak of Novel COVID-19 and the nationwide imposed lockdown in India has caused all walks of life to a standstill. Courts and Tribunals came to the rescue of litigants who were facing...
HSA Advocates
Success of the Insolvency & Bankruptcy Code hinges on timely resolution of stressed assets and a conducive ecosystem.
IndusLaw
The law regime pertaining to insolvency in India has developed over time, resulting in consolidation of laws regarding rehabilitation of the corporate entities and their liquidation.
AMLEGALS
A pre-packaged scheme is an arrangement under which stressed company and the purchaser negotiate the sale of all or part of a company's business or assets prior to the appointment of an insolvency professional as administrator.
AMLEGALS
Since the start of the year 2019, the Government of India has been planning to introduce the concept of Pre-Package Insolvency Schemes in the Indian Insolvency & Bankruptcy Code.
Vaish Associates Advocates
It was the case of UNCL that the Resolution Plan and its provisions are binding on all the stakeholders of the Corporate Debtor.
AMLEGALS
The spread of Pandemic COVID-19 all around the globe has created a situation of hue and cry in different parts of the globe.
AMLEGALS
Recently the Government of India through the Ministry of Finance has announced that the Insolvency & Bankruptcy Code...
S&R Associates
In the wake of the COVID-19 pandemic, several corporate borrowers will find themselves in challenging financial circumstances that may require negotiations with their lenders or even full-fledged restructuring.
IndusLaw
After a lapse of almost 3 years, the MCA finally issued a notification dated November 15, 2019 that renders insolvency and bankruptcy proceedings against personal guarantors to be governed by the Insolvency and Bankruptcy Code, 2016.
King, Stubb & Kasiva
In time as tough as today, when the whole world is under the impact of Covid-19 which has forced the country to be under lockdown, the notification dated March 24, 2020, wherein the Ministry of Finance announced.
LexCounsel Law Offices
Whether by virtue of Section 32A of IBC all the statutory remedy under the criminal statutes will come to a halt by mere approval of resolution plan which is a purely a civil and commercial action.
Phoenix Legal
We have summarised and captured hereinbelow some significant judgments that we have come across in the first quarter of 2020, in relation to the Code.
S.S. Rana & Co. Advocates
CIRP is the resolution process initiated by the National Company Law Tribunal when a company defaults in making payments to its creditors.
Tuli & Co
The Insolvency & Bankruptcy Code 2016 (IBC) defines a ‘Financial Debt' under §5(8) as being essentially a debt which is disbursed against consideration for time value of money.
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