By Nitin Jain, Partner, Agama Law Associates In the fallout of the Supreme Court’s Bhushan Steel ruling, a quiet anxiety has gripped resolution applicants, creditors, and legal counsel alike. If an approved resolution plan can be quashed years later even post-CoC greenlight, NCLT nod, and partial implementation, what legal avenues truly remain open to stakeholders... Continue Reading →
By Nitin Jain | Partner | Agama Law Associates The New IBC Reality Check For years, the finality of resolution plans under the IBC was considered sacrosanct. Once the NCLT approved a plan, stakeholders exhaled - or so they thought. The Supreme Court’s verdict in MCC PTA India vs. JSW Steel has shaken that assumption... Continue Reading →
In today’s unpredictable business landscape, corporate insolvency presents significant challenges, particularly for businesses with critical supplier relationships. The ability to maintain and manage these relationships during financial distress is essential for ensuring operational continuity. This article explores strategies to mitigate risks associated with supplier contracts during corporate insolvency, emphasizing how companies can renegotiate or terminate... Continue Reading →
In today's challenging economic landscape, debt restructuring is essential for companies facing financial distress. It involves renegotiating outstanding debt terms to relieve financial strain while protecting the interests of both creditors and shareholders. This article explores effective strategies for balancing these interests during corporate insolvency. Understanding Debt Restructuring and Its Impact on Stakeholders Debt restructuring... Continue Reading →
Corporate insolvency creates a landscape fraught with uncertainty, particularly for employees whose livelihoods may be at stake. In this article, we will explore the legal protections available to employees, retention strategies to ensure that critical staff are retained, and the legal safeguards in place to protect employee rights during this tumultuous time. Employee Rights During... Continue Reading →
In today’s unpredictable business landscape, corporate insolvency poses significant challenges. As companies grapple with financial distress, maintaining solid relationships with suppliers becomes vital for operational continuity. This article delves into strategies for mitigating risks associated with supplier contracts during insolvency, focusing on how businesses can renegotiate or terminate contracts while minimizing disruption to their supply... Continue Reading →
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