Saving Financially Distressed Companies: Pre Packaged Insolvency

SAVING THE FINANCIALLY DISTRESSED COMPANIES IN INDIA: A NEED FOR PRE-PACKAGED INSOLVENCY?

by Pallavi Mishra Introduction During the COVID-19 crisis, there have been contemplations by the Union Government over the suspension of the application of provisions of the Insolvency and Bankruptcy Code, 2016 (“IBC”), which allow for the triggering of the insolvency proceedings, for a period of next six months to one year. While this announcement has come as a rescue call for the corporate borrowers, the … Continue reading SAVING THE FINANCIALLY DISTRESSED COMPANIES IN INDIA: A NEED FOR PRE-PACKAGED INSOLVENCY?

Corporate Governance in the times of COVID 19 pandemic

CORPORATE GOVERNANCE: Amidst COVID-19

by Anuja Jha Introduction ‘Corporate governance is the combination of mechanisms that ensure that the management runs the firm for the benefit of one or several stakeholders. Such stakeholders may cover shareholders, creditors, suppliers, clients and other parties with whom the firm conducts its business.’[1] In simple words, corporate governance may be a way of governing a corporation. It is a process by which the … Continue reading CORPORATE GOVERNANCE: Amidst COVID-19

ECONOMICALLY IRRESPONSIBLE JUSTICE: The Judiciary and the Economy – [EDITORIAL]

by Chaaru Gupta and Namrata Jeph It is imperative that the legal decisions be taken keeping in mind the economic impact of those decisions. A lack of economic analysis of a judgment can affect employment, Gross Domestic Product (“GDP”), tourism, infrastructure, etc.[1] In recent times, the Reserve Bank of India has introduced multiple reforms to tackle the economic implications of the lockdown and ensure growth … Continue reading ECONOMICALLY IRRESPONSIBLE JUSTICE: The Judiciary and the Economy – [EDITORIAL]