A short excerpt on the recent judgment of a five-member special bench of the National Company Law Appellate Tribunal (NCLAT), wherein it held that the NCLAT has the power to recall its own orders on s...
Published On: 14/08/2019
Practice Area: Corporate & Commercial, Government & Regulatory, Insolvency & Restructuring
Authors:
The Insolvency and Bankruptcy Board of India has notified amendments to the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 and the IBBI (Liquidation Process) Regulations, 2016 on July 25, 2019, with an aim to achieve early resolution of stressed assets under the Insolvency and Bankruptcy Code of India, 2016. In light of this, INDUSLAW’s Saurav Kumar, Harman Walia, and Nabarun Chandra Ray discuss some of the key amendments introduced by the said regulations.
