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!
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
We are ecstatic to release the full video from our panel discussion-“Evolution of IBC.” Watch eminent experts, Mr. Gourab Banerji, Senior Advocate at Supreme Court of India, Mr. Karthik Somasundaram, Partner at Bharucha and Partners, Mr. Anil PM, Head of Legal Compliance at Bajaj Alliance sharing their insights on the subject.
The insolvency process is a legal procedure where the court declares a person as bankrupt, and he no longer pays off his debts. This process must be done legally, and it is followed very strictly in the country.
Today in India, as in the case history, the bankruptcy code has been evolved according to financial conditions and needs. The evolution of the bankruptcy code is an important step taken by the government for financial stability.
It has been five years since this code was introduced, and it has seen some significant changes. Few of them have been due to the impact of a pandemic on various sectors and industries. Bankruptcy cases have existed for many years, but today with the evolution of insolvency and bankruptcy code, the number of insolvencies is rising.
Insolvency is today a much-feared word, but the scenario has changed with the introduction of insolvency and bankruptcy code in India.
However, some issues still need to be addressed to expedite the resolution process exceeding the prescribed statutory timelines effectively. At times, the facilitative process for resolution is not as productive as it should be. One such issue is the impact on the IBC of the Supreme Court that held the Insolvency Resolution Plan once approved by the Committee of Creditors (CoC), which can never be withdrawn or modified. Watch the panel discussion, where you will see more such questions and their answers from the experts.
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
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
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
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 –
To get featured in more such conversations, write us on editorial@lawwiser.com
This time around we trace the journey of an Insolvency Resolution plan to successfully revive an insolvent company. In the absence of such a plan, the company may be doomed to liquidation. #Watchnow for a quick yet detailed explanation of the entire Corporate Insolvency Resolution Process #CIRP.
To get featured in more such conversations, write us on editorial@lawwiser.com
#QuickBytes by #LawWiser is a series in which we break down complicated concepts making them super easy to understand!
In this episode, featuring Srirupa Nag of LawWiser, we talk about the Corporate Insolvency Resolution Process (CIRP). We answer important questions like:
-What is it?
-Who can file it?
-If there is a threshold?
What’s a #moratorium?
To get featured in more such conversations, write us on editorial@lawwiser.com
Call us now!