Voluntary Liquidation: A comprehensive analysis of wilful business closure
The culmination of business of a Body Corporate is by way of Liquidation or winding up its business operations, where...
Commentary
Understanding the Singapore bankruptcy laws
Many Indians register their companies in Singapore for obvious reasons – easier compliances, policy certainty, etc. Those who have their...
Unwinding govt support may increase default risks among weaker companies in 2021: Moody’s
The uneven economic recovery in Asia and gradual unwinding of government support will also weigh on banks' asset quality to...
Key takeaways from Supreme Court judgement upholding amendments in Section 7, 11 and 32A
The Insolvency and Bankruptcy Code (Amendment) Act, 2020, among others, inserted three provisos to section 7(1), an additional explanation tosection...
The turnaround story of Monnet Ispat and Energy
Monnet Ispat and Energy Ltd, renamed as JSW Ispat Special Products Ltd after its takeover by JSW Steel and AION...
Pitfalls of pre-packs: How the Insolvency panel tried to address these concerns
While designing the pre-packs framework, the sub-committee of the Insolvency Law Committee had kept in mind the concerns/lacunae of the...
Broad contours of the proposed structure of pre-packs scheme in India
Dr SK Gupta and Jay Kothari The Union Government has been considering the introduction of pre-packs in India since 2019....
Bankers take 80% haircut in 22 insolvency resolutions in July-September; total recovery at Rs 3,779 cr
As many as 22 CIRP resolutions were reported to the Insolvency and Bankruptcy Board of India (IBBI) in the July-September...
Why IBBI is keeping a close eye on fees charged by insolvency professionals
The fees charged by the insolvency professional (IP) either in his/her role as a resolution professional, interim resolution professional or...
How popular brands of yesteryears failed to rekindle their old world charm under IBC
If you have not yet realized how the old world around you is falling apart, just look at the list...