With the new governance ambience in the country, there have been a plethora of legal and regulatory amendments in order to keep up with the pace at which India is being pegged in terms of growth...

Insolvency and Bankruptcy Code is a time-bound process for restructuring and revival of a Debtor Company, which involves the Committee of Creditors , Interim Resolution Professional/Resolution Professional and the Adjudicating Authority.

Moratorium under section 14 of the Insolvency and Bankruptcy Code, 2016 (IBC), means a period when no judicial proceedings for recovery...

The Insolvency and Bankruptcy Code, 2016 (IBC), is a watershed in the history of India's banking credit culture.

The lack of transparency and inefficiency in the real estate sector had created an immediate demand for a much more efficient and proper vigilance mechanism

Cash on delivery is a mode of transaction in which the payment for goods is made at the time of delivery of goods and the e-commerce players collect cash from customers on behalf of third party vendors ...

The transition from a fragmented legal system to a unified Insolvency and Bankruptcy Code 2016 (IBC) is marked by challenges to implement it effectively and expeditiously.

The recently introduced legal, regulatory and policy changes that have been introduced in the Indian BFSI sector have not only geared up the pace at which the sector is operating but has also created...

While the case for employees may be rooted in social welfare, liquidation as a going concern of a financially troubled entity also makes sound business sense.

The pros and cons, present need and future utility of such a process are briefly assessed below.

Jet Airways an erstwhile premium airline operating primarily in Indian air space has been suffering financial distress for almost a decade now.

The Hon'ble Supreme Court of India recently in its judgment in the matter of Jaypee Infratech Limited (JIL) held that mortgagees of the Corporate Debtor are not financial creditors...

The lack of transparency and inefficiency in the real estate sector has created a demand for the proper vigilance mechanism. To address this concern, the Government of India brought a change...

The Insolvency and Bankruptcy Code, 2016 (IBC), implements a "creditor-in-possession" regime that vests decision making powers of the insolvent company with a "committee of creditors" (CoC) ...

India is heading towards a new era of dealing with insolvencies and bankruptcies, whether corporate or individual, by promulgating a comprehensive Insolvency & Bankruptcy code at par with global standards...

While India Inc. has been bestowed with one of the much required and appreciated rules via the IBC 2016 code, there have been several questions that the industry has come up with.

‘Commercial Driving License'

In the regime of insolvency and bankruptcy law in India, the question of when and how the liabilities of Personal Guarantors crystallize has become increasingly significant.

The proceedings pending before the BIFR and the Appellate Authority for Industrial and Financial Reconstruction (AAIFR) stand abated pursuant to coming into force of Repeal Act. However, the schemes sanctioned by the BIFR are protected in terms of Section 5 of Repeal Act.

Secured Creditors as a class have been all along protected under various legal regimes to the extent of their security interest even in cases of restructuring and/or liquidation.