INSIGHTS

In 2018, Byju Raveendran was the toast of India's start-up world as his eponymous edtech company, Byju's, was crowned a unicorn. ...

Cross-border insolvency is an important area of concern for the new world order where a multi-jurisdictional economic transaction by corporate entities is common place. Issues arising from such cross-border insolvency are very complex, requiring an effective and efficient legal mechanism in balancing the interests of all stakeholders, namely, debtors, creditors, and other parties. Though emerging in India, cross-border insolvency law is still in its development stage and rece

Introduction The entire body of law in India for resolving bankruptcy affecting all entities, whether corporate or individual, is the Insolvency and Bankruptcy Code, 2016 (Code/IBC). It responds to the growing demand for an all-encompassing law that would be efficient in resolving debtors' insolvency, optimizing the value of assets accessible for creditors, and facilitating the closure of unprofitable enterprises. Resolution is the Code's primary goal. The second goal is to m

Introduction This is one of the most important case studies for a law student. As, we all know what happened to Kingfisher Airlines and...

Introduction The jewellery retailer Gitanjali Gems, which is owned by the wanted man Mehul Choksi, notified the exchanges on Monday that...

INTRODUCTION India’s corporate environment was dramatically altered following the enactment of Insolvency and Bankruptcy Code (IBC) in...

Recently the Supreme Court in the case of Tottempudi Salalith v State Bank of India & Ors. (Tottempudi Salaith) held that the doctrine of election cannot be applied to prevent a financial creditor to approach the National company law tribunal (NCLT) for initiating a Corporate Insolvency Resolution Process (CIRP) against the corporate debtor under Section 7 of the Insolvency and Bankruptcy code 2016 (IBC). In this post, the author elucidates the rationale employed by the cour

Introduction Established under the Companies Act of 2013, the National Company Law Tribunal is a quasi-judicial body that renders decisions on issues pertaining to Indian corporations. In accordance with the 2016 Insolvency and Bankruptcy Code, the National Company Law Tribunal is tasked with adjudicating matters corresponding to the insolvency resolution process, corporate reconstruction, and limited liability partnership cases. The National Company Law Tribunal (NCLT) plays

Introduction The Insolvency and Bankruptcy Code , 2016 (referred to as IBC or the Code) is India’s bankruptcy law, designed to...

Insolvency and Bankruptcy Code , 2016, as amended ("Code") regulations claim that countless cases of failing real estate businesses,...

Introduction The Supreme Court of India vide its order dated 28 th March, 2022 in Narinder Garg v. Kotak Mahindra Bank Ltd. (“ Narinder...

Introduction The status of homebuyers upon the anvil of “ Insolvency and Bankruptcy Code , 2016” has been watched like a hawk for a...

INTRODUCTION : The lawmakers designed the Insolvency and Bankruptcy Code, 2016 ('IBC') to provide an adequate legal framework for timely...