Unless we as a society address its shortcomings, we will only be leaping from the frying pan into the fire: i.e., we would be left with another hurdle in India’s already slow-moving justice system. Tribunals were established to handle exclusive matters requiring specialized knowledge. The rationale was clear: quicker resolution, expert adjudication and a reduced…
‘India’s insolvency regime must evolve beyond mere debt resolution to serve as a proactive driver of economic rejuvenation’ | Photo Credit: Getty Images/iStockphoto The Insolvency and Bankruptcy Code, 2016 (IBC) is one of India’s most significant economic reforms, introduced to address the challenges of insolvency resolution in a structured and time-bound manner. At the time…
The National Company Law Appellate Tribunal (NCLAT), Chennai on Friday (September 6, 2024) ordered status quo to be maintained as on date in the matter of Corporate Insolvency Resolution Process of Coastal Energen Private Limited, based on an appeal filed against the approval of a ₹3,335.52 crore (excluding resolution process cost) resolution plan submitted by Dickey Alternative Investment Trust and…
