To the best of my knowledge, this is the first commentary on the Insolvency and Bankruptcy Code, 2016(“Code”). I have perused the contents of the book and at the outset my primary remark is that the author has made a genuine attempt to simplify the law. A sound understanding of the law is evident from the manner in which the provisions have been interpreted. The entire structure of this book has been carefully planned and I can see that the author has invested substantial effort in the same. Along with providing a very easy to understand and a lucid commentary for each section, the author has walked the extra mile and has added certain additional features to this book that make it extremely easy for the reader to understand and navigate the Code. The Code has brought forth a host of legal reforms by introducing several new concepts. The book begins with a brief summary on each of these concepts viz. Insolvency and Bankruptcy Board of India, Insolvency Professionals, … [Read more...] about Has The Insolvency And Bankruptcy Code, 2016 Been Successfully Decoded?
Share Tweet Plus One Pin It Email Print By: ANUPAM LAL DAS March 26, 2018 10:39 am Change Font Size The Insolvency and Bankruptcy Code, 2016 (“Code”) was conceived as a path-breaking legislation to consolidate and amend the laws relating to reorganisation and insolvency resolution of corporate persons, partnership firms and individuals, in a time bound manner. The avowed objective was also to secure maximization of the value of assets of such persons, to promote entrepreneurship and balance the interest of all the stakeholders. The Legislative intent was to improve ease of doing business and to facilitate more investments, leading to a higher economic growth and development. The Supreme Court of India in a recent judgment in Innovative Industries Vs. ICICI Bank (2018) 1 SCC 407, authored by Hon’ble Justice R.F. Nariman, has exhaustively dealt with the provisions of the Code. It has eruditely delved into the Bankruptcy Reforms Act, 1978, adopted by … [Read more...] about The Insolvency And Bankruptcy Code: Some Fundamentals And Issues
Share Tweet Plus One Pin It Email Print By: Aasavri Rai April 5, 2018 11:50 am Change Font Size OakBridge Publishing is conducting a seminar on the theme ‘Insolvency & Bankruptcy Code: Demystified’. Date: 20th April, 2018 (9:00 AM to 5:30 PM) Venue: Shangri-La Hotel, New Delhi The seminar seeks to be a platform for an in-depth discussion on law, procedure, and practice around the Code and interpretation of the amendments by the best minds in this domain. It endeavors to achieve a fine blend of scholarly lectures and exhaustive panel discussions to debate the law, gaps and the way forward. Who Should Attend: CEOs, CXOs, CFOs and Senior Executives of Leading Indian Corporates and MNCs Corporate Counsels Legal Consultants and Advisors Litigators Insolvency Professionals Confirmed Speakers: Mr. Sumant Batra, Managing Partner & Head – Insolvency Practice, Kesar Dass B & Associates Mr. Vishal Garg, Group Legal Counsel, South East Asia … [Read more...] about OakBridge Publishing’s Seminar on Insolvency & Bankruptcy Code [20th April; New Delhi]
Share Tweet Plus One Pin It Email Print By: Aasavri Rai July 5, 2018 12:15 pm Change Font Size The Insolvency and Bankruptcy Board of India has notified the revised norms for the resolution of insolvency process and has paved way for home buyers to seek relief as financial creditors, putting in place clear timelines to be followed by resolution professionals and permitting withdrawal of insolvency applications subject to certain conditions. The board has mandated that a resolution professional needs to determine whether a corporate debtor had indulged in fraudulent transactions within a specified time period during the resolution process. The IBBI (Insolvency Resolution Process for Corporate Persons) Regulations were amended, pursuant to an ordinance amending the Insolvency and Bankruptcy Code (IBC). In cases where there is no agreed-upon interest rate between the parties, the voting share of such a creditor would be in proportion to the financial debt, including an … [Read more...] about Revised Norms for Home Buyers Under Insolvency Proceedings Notified [Read Notification]
Share Tweet Plus One Pin It Email Print By: Aasavri Rai July 7, 2018 11:14 am Change Font Size UPES School of Law has announced its first edition of Surana&Surana and UPES School of Law National Insolvency Law Moot Court Competition, 2018, in association with its joint organizer, Surana&Surana International Attorneys, Chennai. Dates: September 28, 2018, to September 30, 2018. Registration: There is a cap on the participation of 24 teams on the first-come-first-serve basis who shall participate in this competition. Registration Fee: Rs. 5,000 Important Dates: Commencement of Online Registration: July 2, 2018 Last date for Online Registration: August 6, 2018 Last date for seeking clarifications of Problem: August 12, 2018 Last date for sending soft copy of Registration form/ Approval Letter with Transaction ID receipt: August 15, 2018 Last Date for Submission of Memorials & Travel Form (Soft Copy): August 25, 2018 Last Date for Submission of … [Read more...] about Surana & Surana & UPES’ National Insolvency Law Moot [28th–30th Sept]