ARBITRA – Your Monthly Guide to Navigate the Evolving Landscape of Arbitration
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Read More ››The insolvency resolution process can be initiated by a financial creditor, operational creditor, or the corporate debtor. Once the corporate debtor is admitted into insolvency, an interim resolution professional (IRP) takes over the management and issues a public announcement. Based on this, creditors file their claims, after which a committee of creditors (CoC) is constituted. Thereafter, the CoC can either […]
Read More ››In this article, we will explore the statutory scheme related to personal guarantors under the Insolvency and Bankruptcy Code (IBC). Thereafter, we will examine whether the time period provided under Section 101, after which the moratorium shall cease to have effect, is mandatory or directory. Statutory Scheme An insolvency application against a personal guarantor can be filed either by the […]
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