Background: The World Health Organization on January 30’2020 declared novel coronavirus as a public health emergency of International concern.[1]In a merger and acquisition deal particularly, the presence or inclusion of a materially adverse change (herein referred to...
In the fall of 2019, the MCA notified provisions dealing with Insolvency and Bankruptcy for Personal Guarantors to Corporate Debtors present in Part III of the Insolvency and Bankruptcy Code, 2016. The overarching Code is slowly increasing its hold in...
IL&FS or Infrastructure Leasing and Finance Service, India’s leading infrastructure finance company, defaulted on payment to lenders triggering panic in the market. The dues stand at more than 91000 Crore. A default of such magnitude could trigger the financial...
