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The creation of statutory charges and the subsequent recovery process initiated by the tax department has often clashed with the recovery mechanisms used by secured creditors like banks under the...
This is the second in a two-part series article providing suggestions with respect to the recent discussion paper published by the MCA on 18 January 2023, proposing several major amendments to the IBC Code, 2016.
Change in law to clear confusion after Gujarat HC order categorised govt debt as secured
The introduction of the Insolvency and Bankruptcy Code (IBC) in 2016 was a ‘watershed’ moment in India, its success aided by swift legislative interventions by the government to ensure that the code evolved to address legal and practical challenges in its implementation
In the midst of the ever-evolving Indian insolvency regime and post the catastrophic pandemic, the Honorable Supreme Court (“SC”) in the case of State…