Expanded Scope of Fasttrack Merger & Reverse-Flip
In India, a Fast Track Merger (“FTM”), is a simplified and expedited procedure for the merger or amalgamation of certain classes of companies. Unlike the conventional merger route, it does not require the sanction of National Company Law Tribunal (“Tribunal”). Instead, the scheme is approved by the members…
Supreme Court Rules on Preferences Hares of A Company Vis-a Vis Section 7 of The Insolvency And Bankruptcy Code, 2016: No Financial Debt
by Shikha Goenka Ginodia (Partner) and Gaurav Suryavanshi (Principal Associate)
The Supreme Court of India, in a recent judgment, in the case of EPC Constructions India Limited vs M/s Matix Fertilizers and Chemicals…
IBC (Amendment) Bill, 20251 – A Transformative Shift In India’s Insolvency Regime
by Mrs. Shikha Goenka Ginodia (Partner, ANM Global) and Mr. Gaurav Suryavanshi (Principal Associate, ANM Global)
INTRODUCTION
The Insolvency and Bankruptcy Code, 2016 was a landmark reform in India’s corporate laws. It replaced several old legislations with one clear and efficient insolvency framework. The Code…
IBC & IPR: DECIPHERING IPR UNDER IBC
By Ms. Shikha Goenka Ginodia, Partner and Mr. Gaurav Suryavanshi, Associate
IBC & MSME: 2.0: Pre-Packaged Insolvency Resolution Process
In our last article, “MSME & IBC 1.0:[1] Understanding MSME under the IBC, 2016”, we discussed the MSME Act, the reciprocity between IBC and MSME and the Roleplay so…
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…
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…