covid-19: insolvency and bankruptcy code (amendement) ordinance, 2020

The much anticipated Insolvency and Bankruptcy Code (Amendment) Ordinance, 2020 (“Ordinance”), was promulgated on June 5, 2020 and came into immediate effect. The Ordinance provides for a limited suspension on the initiation of proceedings under the Insolvency and Bankruptcy Code, 2016 (“IBC”), with the aim of giving businesses some breathing room in light of the devastating economic impact of the COVID-19 pandemic.

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NBFCs brought under purview of insolvency code

This article mainly focuses on the legislative change brought under the IBC 2016 for the inclusion of restructuring processes for a Financial Service Provider, more specifically Non- Banking Financial Companies (NBFC). In light of this significant development, we have also analyzed the role of RBI for initiating any corporate resolution process under these new rules.

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Insolvency and Bankruptcy Code, 2016 – A Recap of the Last Quarter of the Decade!

The last quarter of 2019 saw a number of developments in the IBC landscape, both in terms of legislative and regulatory changes as well as landmark judgments.  While some of the developments did clarify certain positions in law, some also added more ambiguity to the ever changing landscape.

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Click here for the read more on the key developments in the last quarter of the decade

Insolvency and Bankruptcy Code

A discussion of the key provisions of India’s much-awaited new insolvency and bankruptcy law.

Insolvency and Bankruptcy Code comes into effect for Corporate Persons

A discussion of certain key implementation steps as India’s new insolvency and bankruptcy law is operationalised.

Operational Creditors and Disputed Debt – An Update on Decisions under the Insolvency and Bankruptcy Code, 2016

An analysis of some decisions of the Mumbai Bench and the Principal Bench of the National Company Law Tribunal relating to applications filed by operational creditors.