Your passport to law & policy
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
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
Aftermath of country’s most high profile Essar Steel India1 Insolvency case where Essar Group owed Rs 54,547 crore to its creditors2, it was the need of the hour for the central government to come up with solutions to fix the voids in the Insolvency & Bankruptcy Code and galvanize it for the effective execution of … Read more ANALYSIS OF THE INSOLVENCY & BANKRUPTCY CODE (AMENDMENT) ACT, 2019
