IBC Process - New Challenges as some winners look to wriggle out
June 1, 2020 INSOL India - Editorial Team
Resolutions under the IBC may face a difficult time after the pandemic of COVID-19 as bankers fear that winning bidders will review their interest in companies undergoing CIRP and may attempt to re-negotiate bids or pull out altogether. Bankers also fear..
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Indian Industries Association (IIA) raises concern over amendments to the Insolvency and Bankruptcy Code, 2016 (“IBC”)
June 1, 2020 INSOL India - Editorial Team
Various people in the IIA have raised concerns in relation to the amendment of Section 4 of the IBC stating that such amendment is against the interests of MSMEs. In a letter, the IIA has stated that, “The Finance Ministry has..
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INSOL India gets new member to Editorial Team
April 21, 2020 INSOL India - Editorial
We are pleased to announce that Ashwin Bishnoi joins our editorial board. Ashwin is a Partner at the leading law firm of Khaitan & Co. Ashwin specializes in complex corporate rescues and distress M&A transactions in India and has been..
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UPDATES ON OTHER COINCIDING/ RELATING LAWS - ARBITRATION LAW UPDATES
April 21, 2020 EDITORIAL TEAM - INSOL India
The limitation period for filing of an application to set aside a domestic award in India is 3 months (extendable at the discretion of the court by 30 days) from the receipt of the arbitral award by the aggrieved party..
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WHATS HAPPENING AROUND? - Bankruptcy board set to tackle group insolvency
April 21, 2020 EDITORIAL TEAM - INSOL India
India’s bankruptcy regulator, the Insolvency & Bankruptcy Board of India (the Board), is seeking to amend its rules and regulations to ensure that the IBC is suited to handle group insolvencies. Accounts such as Videocon and others have underscored the..
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Notification as per Section 5(15) of the Insolvency & Bankruptcy Code, 2016:
April 21, 2020 EDITORIAL TEAM - INSOL India
A notification was issued by the Ministry of Corporate Affairs on 18th March stating that the Central Government has notified the expression “Special Window for Affordable and Middle-Income Housing Investment I” and such expression shall mean the fund sponsored by..