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Insolvency and Bankruptcy Tag

Credit Suisse Winding-up Plea & Withdrawal of Insolvency Proceedings

Watch Prabhjot Singh quickly taking through the decision of the Madras High Court allowing Credit Suisse AG’s winding petition against SpiceJet.

The second update is on the national company tribunal allowing the withdrawal of insolvency proceedings against MGF Developments, following a settlement agreed between the company and homebuyers.

Stay tuned with LawWiser for more videos!

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Key Changes in PPI Master Directions

Watch now LawWiser’s In a Minute video where Sriram Ramachandran, Partner, Phoenix Legal, takes us through Key Changes in PPI Master Directions.

The RBI in August 2021 issued master directions on Prepaid Instruments superseding the existing regulations issued in 2017.

Sriram takes us through the key changes that the RBI has introduced in the PPI master directions in respect of categorization and authentication. He further helps us understand the number of safety and security measures that have been incorporated and how these changes will transact more seamlessly for the end-users.

Watch this video and learn more about it #InAMinute

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The Emergence of Commercial Justice Through Arbitration

Watch our second video on the recently launched Book titled “The Emergence of Commercial Justice: Insolvency And Arbitration” by Vivek Sood, Senior Advocate. The book explores and analyses game-changing judgments delivered by the Supreme Court in establishing the concept of Commercial Justice. Our Guest speakers include the author of the Book Vivek Sood, Senior Advocate, along with Tejas Karia, Partner, Head of Arbitration, Shardul Amarchand Mangaldas and Mayank Mishra, Partner, IndusLaw.

The discussion focuses on the Emergence of Commercial Justice through Arbitration. Our speakers take us through why Arbitration is a viable mechanism for dispute resolution, independence of Arbitrator, issue of stay on arbitral awards and the changes required in the law.

To get featured in more such conversations, write us on editorial@lawwiser.com

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Pre Pack Insolvency and its Implications – Parvesh Kheterpal and Bomi F. Daruwala

An ordinance has recently been promulgated for allowing the use of pre-packs as an insolvency resolution mechanism for Micro, Small and Medium Enterprises (MSMEs).

The defaults threshold is up to Rs 1 crore, under the Insolvency and Bankruptcy Code. This system of insolvency proceedings is becoming an increasingly popular mechanism for insolvency resolution in the UK and Europe over the past decade. Watch now LawWiser video where we discuss the Pre-packs Insolvency and its implications with Bomi Daruwala, Managing partner, Vaish Associates and Parvesh Khetrapal, Head legal and CS, Feedback Infra Group.

They discuss the idea behind the process, its benefits, how it protects the creditors from the misuse and what will be the impact of the second wave of pandemic on this new resolution process.

To get featured in more such conversations, write us on editorial@lawwiser.com

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In Conversation – Pre-Packaged Insovency

Watch this video where Mr. Mukund P Unny talks about Pre-pack insolvency.

He touches upon various important points right from the basics. It’s a newly announced policy and the effect of it is yet to be seen. In light of that, he analyses the impact on MSMEs as well as the process in detail.

As parting thoughts, he also spoke to us about the benefits as well as disadvantages of a policy like this.

To get featured in more such conversations, write us on editorial@lawwiser.com

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The Emergence of Commercial Justice Through IBC

Watch our new video on the recently launched Book titled “The Emergence of Commercial Justice: Insolvency And Arbitration” by Vivek Sood, Senior Advocate. The book explores and analyses game-changing judgments delivered by the Supreme Court in establishing the concept of Commercial Justice.

Our Guest speakers include the author of the Book Vivek Sood, Senior Advocate, along with Misha, Partner, Shardul Amarchand Mangaldas, and Aastha, Partner, Argus Partners.

Watch them explaining –

  1. The situation that existed before IBC came into force;
  2. The balance established by the Supreme Court between Creditors and the commercial wisdom of the Committee of Creditors (CoC);
  3. With parallel remedies available, is IBC the most viable option to seek justice and;
  4. How has IBC helped in re-shaping the economy?

To get featured in more such conversations, write us on editorial@lawwiser.com

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