The advent of the Insolvency and Bankruptcy Code (IBC) ushered a new era in the Indian corporate world. IBC has been instrumental in ensuring the required discipline amongst businesses and also enabled a speedy resolution of stressed businesses.
The team at Bathiya has the benefit of qualified Resolution Professionals that are equipped to handled corporate insolvency resolution processes. Within a short span of its implementation, the Restructuring and Insolvency team at Bathiya has advised businesses on various capacities being advisors to the resolution professional, advisors to resolution applicant, advisors to creditors, voluntary liquidation advisors, etc.
Having worked under erstwhile Sick Industrial Companies Act regime, the transition to the IBC regime has been a steady progression for the team at Bathiya. As the IBC law evolves it will be of great interest to watch the changing corporate dynamics in India.
In this article, an attempt has been made by the author to study the broad provisions of the Code (as defined hereinunder) and also examine the status of the cases...Read More
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