Two Big Bidders for Essar Steel Find Themselves Locked Out by the IBC
ArcelorMittal and NuMetal, two bidders for Essar Steel, are locked in an intense contest, not to outbid each other, but to be allowed to bid for Essar Steel in the first place.
The Three Goals of the Insolvency and Bankruptcy Code
The Insolvency and Bankruptcy Code was drafted with three definite goals in mind. Here they are.
Section 29A – the Insolvency Code’s Penguin-Sized Mistake
The recent amendments suggested to Section 29A hide a simple truth, that 29A has no place in the Insolvency Code, and its continuing presence is like that of Mumbai's imported Humboldt penguins: a headache, expensive and wholly unnecessary..
The Insolvency Law Review Panel Gives Homebuyers a Crumb of Comfort
Homebuyers may soon sit in the Committee of Creditors, deciding on the fate of insolvent companies.
The Indefensible Protection of Guarantors
Two recent judgments shine a spotlight on a tricky issue: does the moratorium period under the IBC protect guarantors?
The Binani Cement Battle – What Good Fun
Corporate warfare galore.
The Economic Analysis Of Regulations – A Good (Bad) First Step
The Insolvency Board makes a good move, but looks clueless while making it.
The Proposed Amendments to Section 29A – Taming the Beast
A step to correct a misstep.
Section 29A – The Great Betrayal
The amendment that killed a law.
The Sad Story of The Dirty Dozen
RBI arbitrarily sends twelve companies into insolvency resolution.