Author Archive for: vishesh
Entries by Vinod Kothari Consultants
Financial Creditors & Committee of Creditors: What, Why and How?
By Megha Mittal (resolution@vinodkothari.com) IBBI issues clarification w.r.t. voting powers of CoC Brief Background: Pursuant to the Insolvency and Bankruptcy (Amendment) Code, 2018, the crucial reduction of voting threshold from 75% to 66% for critical matters like approval of Resolution Plan, Extension of CIRP, and all matters of section 28 of the Insolvency and Bankruptcy […]
Who Can File an Affidavit?
By Megha Mittal (resolution@vinodkothari.com) Beware before you swear! What is an Affidavit? “Affidavit” is a term used very frequently in the common-parlance; however, the consequences it carries are highly underestimated. People file affidavits being unaware of what its repercussions might be and also unaware of the fact whether they are at all competent to […]
Delving into Asset Finance Companies
By Anita Baid (finserv@vinodkothari.com) Introduction For an economy as diversified as India, even the financial sector consists of several intermediaries. Apart from banking entities, there are several other entities that offer financial services and may be broadly classified as non-banking financial institutions. In India, the term ‘non-banking financial companies (NBFCs)’ generally refer to such entities […]