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Navigating Valuation Anomalies and Regulatory Complexities in Compulsorily Convertible Debentures
Corporate strategy, financial intelligence, and regulatory discipline interact cautiously in the CCD ecosystem. Companies must view CCD transactions as long-term commitments to governance, transparency, and shareholder fairness rather than just as capital-raising activities.
Atharv Khanna
Aug 26 min read
A Re-Evaluation of the Indian Arbitration Framework for O&M Suits in Quasi-Partnerships
The author argues that the Indian position of barring arbitration for O&M suits should be relaxed for the few companies that have been recognized by courts as quasi-partnerships.
Sanjana Rao
Aug 16 min read
Supreme Court’s Bhushan Power and Steel Judgment: Statutory Finality v/s Article 142
The Bhushan Power case will be studied as a cautionary tale. On one side, it underscores that insolvency laws are not toy models to be treated lightly; procedural rules serve the code’s integrity. On the other, it delivers a jolt by showing that even long-implemented deals can be unwound for technical lapses, a double-edged signal to investors and professionals alike.
Aryan Chauhan
Jul 267 min read
From Byju’s to Bhushan: Analyzing the Insolvency and Corporate Restructuring Trajectories in India
The divergent fate of Byju’s-Aakash and BPSL indicate the increasing complexities of corporate restructuring in India, where the inflexible requirements of statutory compliance frequently come into conflict with the exigencies of business rescue.
Suhana
Jul 206 min read
JSW-BPSL Insolvency Row: Can the Status Quo Order Open a Window for Redemption?
Although the Supreme Court of India’s decision has garnered significant criticism, it is not without its merits. It emphasizes how the integrity of the insolvency process must remain sacred. The IBC transcends the role of a simple debt recovery mechanism; it is a framework rooted in legal principles and the equitable treatment of all stakeholders involved.
Tushar Pundir, Riddhi Pandey
Jul 196 min read
Liquidation After Approval of Resolution Plan: The IBC Faces Tough Challenges
In this article, the author identifies two major challenges revealed by the impugned judgments: lack of a statutory time limit to implement resolution plans and imprecise role of monitoring committees in ensuring implementation of resolution plans.
Rav Pratap Singh
Jul 117 min read
Analyzing NCLAT’s Affirmation in Damodar Valley Corporation v. Mackeil Ispat and Forging Limited: A Win for the Clean Slate Doctrine or a Legal Dilemma?
A regulatory shift is needed. ‘Super-priority utility claims’ would introduce vital services protection, and balance would be maintained through a tiered debt resolution system. A non-retroactivity clause can protect resolution applicants from post settlement litigation. Moreover, a strategically funded PCLF would guard against unforeseen claims and improve CIRP performance.
Suryansh Jaiswal, Yash Sharan
May 246 min read
Insolvency v/s Financial Crimes: NCLT’s Stand on ED’s Powers
The NCLT’s decision reaffirms the principle that a clear distinction must be maintained between the provision of IBC and PMLA.
Samriddhi, Saakshi Iyer
Apr 276 min read
Rule 25A Amendment: Doing Away with NCLT Approval in Cases of Reverse Flipping
This blog analyses the merger process under the new rules while comparing it with the process under older regulations,
Pranjal Nayak
Apr 15 min read
The Philips Exception To Capital Reduction
The tribunal’s stance to reject Philips’ application for capital reduction reflects a restrictive and flawed interpretation of the law.
Mokshi Rawal
Dec 29, 20245 min read
Navigating Directors' Duties: The Case for Codifying Business Judgment Rule in India
The codification of the BJR would balance judicial interference with independence in corporate decision-making.
Archie Aherwar
Dec 26, 20246 min read
Churning the Ocean: The Irony of Section 230's Shield against IBC's Purge
The authors conclude that the dictum is prone to irony and contradicts the objectives of the IBC.
Aditi, Abha Singhal
Nov 9, 20247 min read
MCA Revamps M&A Rules: New Amendments to Rule 25A Simplify Reverse Flipping Process
MCA streamlines and simplifies the regulatory framework for transnational mergers.
Yash Kaushik
Oct 31, 20245 min read
Family Feuds at Work? Re-Thinking the Lifting of the Corporate Veil
NCLT must evolve to address the complexities of family-owned businesses, recognizing the impact of family dynamics on corporate governance.
Rikhil Haldar, Tanya Mahajan
Jul 20, 20246 min read
Arbitrability of Shareholder Disputes in India: Addressing "Dressed-Up" Corporate Oppression Claims
Arbitration can be initiated while dealing with shareholder disputes if it is found that the origin of the dispute lies in the agreement.
Prakhar Khandal, Jitesh Lakra
Jul 19, 20247 min read
MSME Exemption under IBC: Closing the Loophole
It is important that the law laid down in the case of Hari Babu Thota be reviewed.
Masad Khan
Jan 28, 20246 min read
Unveiling Appeal Limits: Supreme Court Verdict on Section 61 of IBC
The recent Supreme Court judgment has brought forth a crucial clarification regarding the limitation for filing appeals under Section 61.
Subhasish Pamegam
Jan 27, 20247 min read
CCDs: Balancing Investor Interests and Fairness in Legal Interpretation
The exploration of CCDs in insolvency cases shows a complex scenario where debt and equity distinctions are blurred.
Sidhanth M K Majoo, Arpit Dhingra
Jan 26, 20246 min read
What Art Thou, CCD: Debt Equity or Still a Confusion?
Hybrid securities, by virtue of having the best of both the worlds of debt and equity, are a highly desirable instrument.
Pratyanik Chakraborty
Jan 22, 20246 min read
NCLAT’s Ruling on CIRP’s Misuse through Barter Agreement and RERA’s Right To Appeal
The legal stance taken by NCLAT ensures that the remedy of compensation granted by RERA remains a robust and effective tool for homebuyers.
Garvit Shrivastava, Harshita Dhakad
Jan 18, 20247 min read
An Attempt to Align IBC with CTC: A Step in the Right Direction?
This article seeks to analyze the rationale and implications of the change to the aviation sector through the lens of the IBC.
Ishita Warghat
Dec 31, 20235 min read
Paper Tigers: NCLT and NCLAT’s Contempt Jurisdiction under the IBC
A court of law that cannot ensure compliance to its orders is a mere courthouse of brick and mortar.
Shweta Kushe
Nov 30, 20238 min read
How the EU Mobility Directive Shapes Indian Cross Border Demergers?
The prominence of cross border demergers should be acknowledged as a lucrative option of corporate restructuring.
Runjhun Sharma
Nov 25, 20235 min read
Cape Town Convention and Insolvency and Bankruptcy Code: Recent MCA Notification
Not only did the NCLT decision disallow the repossession of aircraft by the lessor, but it also projected India as a risky jurisdiction.
Govinda Asawa, Arayan Khare
Nov 4, 20235 min read
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