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Union Budget 2024-25

Union Budget 2024-25 By Shikha Goenka Ginodia, Partner and Akash Chaudhary, Trainee Associate Presenting the Union Budget 2024-25 in the Lok Sabha, Finance Minister Nirmala Sitharaman announced significant measures related to Insolvency and Bankruptcy, aiming at enhancing judicial efficiency and technological integration. Key highlights include the development of an integrated tech platform, the strengthening of existing…

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Section 10 of IBC

Section 10 of IBC By Shikha Goenka Ginodia, Partner The Insolvency and Bankruptcy Code, 2016 (IBC), was enacted to streamline insolvency proceedings and ensure timely resolution of corporate distress. However, the COVID-19 pandemic created an extraordinary economic situation, and the Government of India responded with amendments to the IBC, introducing Section 10A. This provision was…

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