The provisions regarding the evidence of an approver are coming to the fore in a variety of hotly contested sensitive and political cases of late. The legal nuances surrounding the rationale, interpre...
Published On: 01/07/2021
Practice Area: Insolvency & Restructuring, Government & Regulatory, Dispute Resolution
Authors:
The Insolvency and Bankruptcy Code, 2016 (“Code”) seeks to consolidate the existing legal framework for debt recovery in India. The Code is an all-encompassing law and provides rules and regulations with respect to re-organization and insolvency resolution of not only companies, but partnership firms and individuals as well. Although the Code is a relatively new legislation, it has undergone several amendments within a short period of time in order to resolve any ambiguities that may impact the smooth and efficient functioning of the insolvency and bankruptcy resolution process. INDUSLAW’s Dhruti Pravin Chheda, Shivani Kapur Jeet, Nasrin Shaikh and Vidit Mehra discuss the nuances under the Code.
