Vidarbha Industries – A Catastrophe
It does not get worse than this.
The NOIDA case and the faultlines in the IBC
The Code needs rescue.
MBL Infrastructures and the ‘Rights’ of Bidders
On the status of bidders in the CIRP.
Section 32A and the Liquidation Process – A Case of Thoughtless Drafting
Why Section 32A of the IBC must be amended.
Ebix Singapore and the IBC’s Failings
A new Supreme Court judgment shows that the IBC process is displaying symptoms of atrophy.
The Phoenix Arc Case – When All Else Fails, Try Common Sense
A new judgment shows Tribunals how to navigate complicated facts.
Manish Kumar and Challenging the IBC
On challenging the constitutional validity of the Code.
COVID-19 and the suspension of the IBC
With the spread of Covid-19, the Government decided that it had to “do something”. A good thumb rule is to always beware the government that has to “do something”. And, sure enough, the Government did something. It announced that fresh proceedings under the IBC would be suspended for a full [...]
The Supreme Court, Moratoriums and Reddendo Singula Singulis
The Supreme Court goes one Latin maxim too far.
How Maharashtra Seamless won, but still lost
If there is one thing that IBC-watchers are never deprived of, it is courtroom action. There is an inherent tension in the act of plucking a company away from its erstwhile owners and offering it to a flock of bidders that lends itself to constant and tiresome litigation. If there [...]