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The Insolvency and Bankruptcy Code, enacted in 2016, revolutionized India's approach to corporate insolvency. It established a time-bound process aimed at either reviving financially...
Against the backdrop of recent judicial precedent, this article delves into the need for a group insolvency framework in India, and analyses the report published by the CBIRC in 2021.
In the case of IL&FS Infrastructure Debt Fund v. McLeod Russel India Limited, the Kolkata bench of the National Company Law Tribunal held that in order to determine whether a shortfall undertaking will qualify as an instrument of guarantee ...
The judiciary has played a vital role in the evolution and strengthening of India's insolvency regime under the Insolvency and Bankruptcy Code, 2016...
An individual often faces a situation where he is unable to return what he had borrowed. In financial terms, this state of inability to repay is referred as insolvency.
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