Bankruptcy Code – Vinod Kothari Consultants

The Curious Case of Home-Buyers: All is Well?

By Sikha Bansal, (sikha@vinodkothari.com) (resolution@vinodkothari.com) All the hullabaloo surrounding the inclusion of “home-buyers” in the category of financial creditors was put to rest by the promulgation of the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018 (“the Ordinance”). The Ordinance amends the definition of “financial debt” u/s 5 (8) of the Insolvency and Bankruptcy Code, […]

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Tracing the impact of IBC (Amendment) Ordinance, 2018

June 7, 2018/0 Comments/in Bankruptcy Code, disqualified promoters, insolvency resolution process, resolution plan /by Staff Publication

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Overview of Insolvency and Bankruptcy (Amendment) Ordinance, 2018

June 7, 2018/0 Comments/in Bankruptcy Code, disqualified promoters, insolvency resolution process, resolution plan /by Staff Publication

By Sikha Bansal,(sikha@vinodkothari.com) (resolution@vinodkothari.com) Post the Insolvency Law Committee’s Report recommending an overhaul in the Insolvency and Bankruptcy Code, 2016, the Government has passed the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018, vide Notification dated 6th June, 2018, in an attempt to set things right. No doubt, IBC has triggered positive vibes in the […]

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Financial Exposure of Secured Creditors and The relevance of vertical comparison in Resolution

May 29, 2018/0 Comments/in Bankruptcy Code /by Staff Publication

By Richa Saraf (richa@vinodkothari.com) Resolution process can be regarded as a mega- restructuring for which an insight into the ranking of claims of various creditors is pertinent. In most of the resolution plans, we can see that the financial creditors are paid a particular value as settlement of claims, and no specific provision exists as […]

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