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....
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Insolvency regulator releases guidelines for hiring professionals during CIRP
There are a variety of self-styled advisors, who may not be qualified or regulated and that they cannot be hired...
Can a CoC member be asked to contribute towards CIRP cost?
By Arvind Mangla The question is whether CoC member(s) is/are required to or can be forced to, provide interim finance...
US bankruptcies see sharp decline in Nov; both commercial, consumer filings drop 39%
On the back of government relief programmes and moratoriums, the US commercial and consumer bankruptcy filings have seen sharp year-on-year...
Global banking Industry may lose $3.7 trillion revenue in Covid aftermath, says Mckinsey report
The global banking industry will witness $3.7 trillion revenue loss between 2020 and 2024 amid muted global recovery in the...
IBBI to conduct workshop for insolvency professionals on 14 Dec 2020
IBBI is conducting Online Advanced Workshop for insolvency professionals on “Analysis of Financial Statements of CDs and Their Personal Guarantors” on 14th December, 2020...
NCLT asked to deliver final verdict on Bharati Defence & Infrastructure liquidation case within a week
The National Company law Appellate Tribunal (NCLAT) has asked the Mumbai Bench of the National Company law Tribunal (NCLT) to...
Resolution professional can’t act on behalf of corporate debtor beyond CIRP: Delhi HC
Can a resolution professional (RP) continue to act on behalf of the corporate debtor once the plan is approved and...
Corporate insolvency and the need for an interim moratorium in India
By Anupam Verma and Jay Kothari The Insolvency & Bankruptcy Code, 2016 (Code) has sought to introduce a self-sufficient code to...
A lowdown on the controversy around CA exams
As students appearing for the Chartered Accountancy (CA) exam take to social media outraging over mismanagement by the Institute of...