Insolvency

Balancing Interests of Stakeholders Under The Insolvency and Bankruptcy Code, 2016

The present article discusses various ways in which the Insolvency and Bankruptcy Code, 2016, strives to balance the interests of all the stakeholders in the insolvency scenario of a company and also includes precedents where the court has upheld the same. Continue reading Balancing Interests of Stakeholders Under The Insolvency and Bankruptcy Code, 2016

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?