1. The Two Tests Every Resolution Plan Must Pass A resolution plan “survives” only when it clears two independent tests that the Insolvency and Bankruptcy Code, 2016 (“IBC”) deliberately keeps separate. First, it must secure approval from the Committee of Creditors (“CoC”), a commercial decision taken by voting share based on admitted financial debt. Second,…
How Resolution Plans Should Be Prepared to Maximise Votes under the Insolvency and Bankruptcy Code, 2016 I. Why Legally Compliant Resolution Plans Frequently Fail One of the most common but flawed assumptions in insolvency practice is that a resolution plan which complies with Section 30(2) of the Insolvency and Bankruptcy Code, 2016 (“IBC”) will, by…
In the crucible of life, we find our way, Amid the trials and tribulations we face each day. With grit and strength, we stand our ground, For hope’s eternal flame in us is found. Though storms may rage and shadows loom, We’ll rise above, dispelling all gloom. Through adversity and challenges we’ll cope, With hearts…
In the world of dispute resolution, arbitration stands as a prominent and effective alternative to traditional litigation. This method of resolving conflicts offers parties a flexible and confidential process while avoiding the complexities and potential drawbacks of court proceedings. In this article, we will delve into the key aspects of arbitration, shedding light on its…
