Essar Steel case

Name of the case: committee of creditors of Essar Steel India Limited through Authorised signatory V. Satish Kumar Gupta and Ors. Introduction The Essar Steel Case is a landmark judgment in the arena of Insolvency & Bankruptcy Law, which decided the supremacy of the financial creditors in the Committee of Creditors in cases of distribution … Read more Essar Steel case

Problems with Framework of Insolvency and Bankruptcy Code, 2016

Shortcomings Evident in the Last 2 Year of Institutional Framework of Insolvency and Bankruptcy Code, 2016

Insolvency and Bankruptcy Code, 2016 is said to be the next big economic reform after GST. There is a drastic need to enact this as legislation as none of the regulatory bodies is in line with standards prescribed by the international organizations[1]. This code has essentially strived to revamp the prevailing frameworks on Insolvency and … Read more Problems with Framework of Insolvency and Bankruptcy Code, 2016

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