Pushing insolvency resolution

700-odd cases filed in the National Company Law Tribunal, with 70 of them admitted for resolution

Sudipto Dey 

The government brought in the Banking Regulation (Amendment) Ordinance, 2017, to kick-start insolvency resolution through the Insolvency and Bankruptcy Code, 2016.  Five months since the Code became operational, 700-odd cases have been filed in the National Company Law Tribunal, with 70 of them admitted for resolution. Legal experts share with Sudipto Dey  the implications of the ordinance on the resolution process. Bahram N Vakil, founder & senior partner, AZB & Partners ‘Any new law is likely to be challenged in the courts. The ...

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Pushing insolvency resolution

700-odd cases filed in the National Company Law Tribunal, with 70 of them admitted for resolution

700-odd cases filed in the National Company Law Tribunal, with 70 of them admitted for resolution The government brought in the Banking Regulation (Amendment) Ordinance, 2017, to kick-start insolvency resolution through the Insolvency and Bankruptcy Code, 2016.  Five months since the Code became operational, 700-odd cases have been filed in the National Company Law Tribunal, with 70 of them admitted for resolution. Legal experts share with Sudipto Dey  the implications of the ordinance on the resolution process. Bahram N Vakil, founder & senior partner, AZB & Partners ‘Any new law is likely to be challenged in the courts. The ... image
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