Resources

Resolution plan under IBC: An albatross around the resolution applicant’s neck

Posted In Articles
The Insolvency and Bankruptcy Code, 2016 (“the Code”) aims to resolve the woes of stressed businesses (“Corporate Debtors”) by putting them through a corporate insolvency resolution process (“CIRP”) and transferring them as ‘going concerns’ to persons/entities (“Resolution Applicants”) willing to take over their management and assets, and service their debts. The […]
August 17, 2020

Consumer Protection Act, 2019: ‘Change of forum’ and its effect on fresh and pending cases

Posted In Articles
Introduction The Consumer Protection Act, 2019 (“New Act”) received the President’s assent on August 9, 2019 and has replaced the Consumer Protection Act, 1986 (“Old Act”). Most of the important sections have been notified[1] with effect from July 20, 2020 marking the beginning of the New Act and making it […]
August 2, 2020

The Consumer Protection Act, 2019: Overview and Key Highlights

Posted In Updates
Introduction The Consumer Protection Act, 2019 (“New Act”) received the President’s assent on August 9, 2019 and has replaced the Consumer Protection Act, 1986 (“Old Act”). The Central Government appointed[1] July 20, 2020 as the date on which the following provisions of the New Act shall come into force. Section […]
July 29, 2020

COVID19: MCA Announces Relief Package For Indian Companies

Posted In Updates
Introduction COVID-19 has brought India to a standstill, with the Government of India announcing a country wide lockdown vide Order dated March 24, 2020 for 21 days which is likely to continue for the foreseeable future. COVID-19 and the national lockdown have made regulatory compliances difficult for companies, more so […]
April 28, 2020

SC upholds IBC but the battle between Financial and Operational Creditors rages on

Posted In Articles
All was well before the National Company Law Appellate Tribunal, New Delhi [NCLAT] pronounced its decision in Binani Industries[1], wherein it held that “the ‘I&B Code’ or the Regulations framed by the Insolvency and Bankruptcy Board of India do not prescribe differential treatment between the similarly situated ‘Operational Creditors’ or […]
February 15, 2019
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