Asia: Insolvency/Bankruptcy/Re-Structuring

When a company holding a leasehold interest in a JTC property ("Lessee") runs into financial distress, the usual enforcement playbook employed by mortgagees or chargees, receivers appointed by mortgagees...

How the Supreme Court chose economic rehabilitation over procedural politeness, and why delayed corporate schemes cannot hold creditors and the economy hostage...

Under the Insolvency and Bankruptcy Code, 2016, the approval of a resolution plan under Section 31 of the IBC is statutorily binding on the corporate debtor, its creditors, and other stakeholders to the restructured arrangement embodied in the plan.