Macquarie Bank Limited V. Shilpi Technologies Limited: Solving Two Ambiguities in One Shot

A year has passed since the effectuation of the Insolvency and Bankruptcy Code, 2016 (“Code”). As with a legislation as powerful, influential and complicated as this, the Code is still evolving with changes, doubts and subsequent clarity pouring in every other day. One such clarification was provided by the Supreme Court (“SC”), in Macquarie Bank […]
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New Bankruptcy Ordinance: Preventing ‘Willful Defaulters’ from chasing their own assets – Pros & Cons!

Introduction Insolvency and Bankruptcy Code, 2016 (Code) was enacted when public sector banks and financial institutions in India were helpless chasing their over-stressed accounts in largely protracted legal battles. Some of the recent statistics suggests that the total stressed loans which also include non- performing assets and standard assets are currently growing at an alarming […]
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Interpretation of the Definition of “Dispute” under the Insolvency and Bankruptcy Code, 2016

Introduction Ever since the inception of the Insolvency and Bankruptcy Code (“I&B Code”) in 2016, ironically, the most common dispute arising out of the I&B Code is the meaning of the term “dispute” under section 5(6) of the Code. The various benches of the National Company Law Tribunal (“NCLT”) and the National Company Law Appellate […]
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Bankruptcy law

The attorneys of Chugh,LLP are dedicated to helping businesses and individuals determine whether bankruptcy is right for them. The bankruptcy process is complicated and the attorneys at Chugh,LLP can explain every step of the process to you to help you make the right choice. Our experienced team ensures that you have a complete understanding of […]
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