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