Personal Guarantors to Corporate Debtors: A Guide to Insolvency Resolution under IBC
Introduction The Insolvency and Bankruptcy Code (IBC), 2016, provides a robust legal framework to resolve insolvency and ensure the timely reorganization of debts. Sections 94 to 120, specifically, deal with the insolvency resolution process for
Ensuring Dignity: Supreme Court Rules Maintenance Claims Take Priority Over Financial Obligations
Introduction The Supreme Court of India has once again emphasized the paramount importance of the right to maintenance by declaring it superior to statutory financial claims under laws like the SARFAESI Act and the Insolvency
Analysis of the Jet Airways Insolvency Case and the Shortcomings of the IBC, 2016
The Jet Airways (India) Limited insolvency case has garnered significant attention as it highlights critical aspects of the Insolvency and Bankruptcy Code (IBC), 2016, and the challenges associated with corporate resolution processes in India. This
Insights on the Proposed Amendments to the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016 and (Voluntary Liquidation Process) Regulations 2017
The Insolvency and Bankruptcy Board of India (IBBI) released a discussion paper on 19th November, 2024, seeking comments on proposed changes to the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016 and (Voluntary
Understanding the IBBI (Voluntary Liquidation) Regulations, 2017: A Simplified Overview
Voluntary liquidation is an important mechanism that allows solvent corporate entities to wind up operations in an orderly, transparent, and efficient manner. The IBBI (Voluntary Liquidation) Regulations, 2017 (Regulations) , provide a structured framework to
Understanding the Legal Provisions Governing Pre-Packaged Insolvency Resolution Process (PPIRP)
The Pre-Packaged Insolvency Resolution Process (PPIRP) under the Insolvency and Bankruptcy Code (IBC), 2016, provides a streamlined framework for resolving insolvency, particularly for Micro, Small, and Medium Enterprises (MSMEs). This article explains the key sections
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