-Megha Mittal (email@example.com) The Insolvency and Bankruptcy Board of India (“IBBI”/ “Board”) vide Notification No. IBBI/2019-20/GN/REG053, dated 06.01.2020, introduced the IBBI (Liquidation Process) (Amendment) Regulations, 2020 (“Amendment Regulations”) w.e.f. the same day. In what seems to be an adaptation of the ideas proposed in the Discussion Paper dated 03.11.2019, the Amendment Regulations seem to have […]
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-Vinod Kothari (firstname.lastname@example.org) Marketplace lending, P2P lending, or Fintech credit, has been growing fast in many countries, including the USA. It is estimated to have reached about $ 24 billion in 2019 in the USA. However, there are some interesting legal issues that seem to be arising. The issues seem to be emanating from […]
Aiming to curb the situation of the current liquidity crisis in the NBFCs sector of the country, the Reserve Bank of India (RBI), once again, in a gap of 6 months has extended the relaxation to NBFCs with regards to the Minimum Holding Period (MHP) requirements originating on NBFCs. As a quick recollection of the […]
-Richa Saraf (email@example.com) It is a well settled principle that a writ petition may be entertained by the High Courts only in absence of any efficacious alternate remedy. However, one of the exceptions to the said rule is where there is lack of jurisdiction on the part of the statutory/ quasi- judicial authority, against whose […]