By Nitin Jain There’s a common misconception in company restructuring. It is that an insolvency moratorium protects everyone associated with a distressed company. In reality, the statutory protection applies to the corporate entity undergoing insolvency. Connected individuals and business partners may remain exposed to separate proceedings and personal liability. Promoters, directors, personal guarantors, project entities... Continue Reading →

By: Nitin Jain Lenders increasingly evaluate recovery across every available layer of credit support rather than treating corporate insolvency as a standalone proceeding. A default is no longer assessed only against the borrower’s assets, security package or restructuring prospects; it is measured by the speed and effectiveness with which multiple recovery mechanisms can be coordinated.... Continue Reading →

By Nitin Jain Introduction Parliament passed amendments to the Insolvency and Bankruptcy Code last week. The headlines focused on faster timelines, a new creditor-initiated framework, and long-overdue provisions on group insolvency. For a particular category of business - mid-market companies carrying meaningful receivables exposure to a customer or counterparty, what matters most in those amendments... Continue Reading →

By Nitin Jain The Insolvency and Bankruptcy Board of India recently issued guidelines asking Committees of Creditors to document their recovery expectations more formally. If you're a CFO or finance leader at a growth-stage company that has participated in resolution proceedings either as a creditor or as an interested party then this shift matters, especially... Continue Reading →