Entries by Staff

Comments on IBBI Discussion Paper on Streamlining the Liquidation Process

Team Resolution | resolution@vinodkothari.com The Insolvency and Bankruptcy Board of India (‘IBBI’/ ‘Board’) issued Discussion Paper on Corporate Liquidation Process, dated 14th June, 2022 [1](‘Discussion Paper’) which envisages -(a) Streamlining the constitution of SCC (b) Expanding power of SCC; (c) Relinquishment of security interest by the Secured Financial Creditors; (d) Reduction of timeline of compromise […]

Law of pledges in India

– Vrinda Bagaria | corplaw@vinodkothari.com This article seeks to broadly explain the principle of a pledge and deals primarily with use of ‘pledge’ as a mode of creation of security on shares of a company to secure liabilities of the company. PLEDGE – MEANING Definition A ‘pawn’ or a ‘pledge’ is a bailment of personal […]