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Introduction In 2023, a financial creditor of Compuage Infocom Limited (CIL) initiated the Corporate Insolvency Resolution Process (CIRP) under Section 7 of the Insolvency and Bankruptcy Code (IBC) before the National Company Law Tribunal (NCLT), Mumbai. The CIRP was admitted by the NCLT, and RP was appointed. CIL had assets and monies in Singapore, and consequently, the RP sought the […]

India, recognizing the pivotal role of a robust dispute resolution mechanism in fostering a conducive business environment and attracting investment, has embarked on a journey of continuous refinement of its arbitration law. The Arbitration and Conciliation Act, 1996 (hereinafter referred to as “the Act”), stands as the cornerstone of this framework. However, this legislative edifice has been subject to numerous […]

The Indian skies, once seemingly boundless with potential, have recently witnessed a few turbulent patches. The insolvencies of Jet Airways and Go First Airways sent ripples of concern through the aviation sector, illuminating the financial tightropes that airlines often walk. These insolvencies weren’t just about balance sheets gone awry; they threw a spotlight on a fundamental friction point: how does […]