Individual Insolvency: Need for Robust Mechanism

Individual Insolvency: Need for Robust Mechanism

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 INSOLVENCY: The Journey so Far

IL & FS INSOLVENCY: The Journey so Far

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...