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.
Jaypee Infratech, the Supreme Court and a Matter of Preference
The insolvency of Jaypee Infratech Limited (JIL) is only eclipsed by Essar Steel in its contribution to insolvency law. The very definition of a financial debt, the cornerstone of the IBC, was amended to fulfil the needs of its homebuyers, mostly the hapless purchasers of JIL’s aptly-named, graveyard-like “Wish Town” [...]
ArcelorMittal Part III – Of Choppers And Changes
The final part of my analysis of the Supreme Court's ArcelorMittal judgment, focusing on the Supreme Court's views of how the 270 day timeline prescribed by the IBC is to be managed.
The Indefensible Protection of Guarantors
Two recent judgments shine a spotlight on a tricky issue: does the moratorium period under the IBC protect guarantors?