Any entity which is undergoing corporate insolvency resolution process (CIRP) faces severe financial distress due to the lack/scarcity or absence of funds in its coffers. The Resolution Professional (RP) has the primary duty of managing the affairs of the company undergoing CIRP and has several primary duties as provided under the Insolvency and Bankruptcy Code... Continue Reading →
In today’s challenging economic landscape, many companies find themselves grappling with financial difficulties. When faced with insolvency, the decision between restructuring and liquidation becomes critical, not just for the business but for all its stakeholders, including employees, creditors, and shareholders. Understanding the nuances of these options is essential for making informed choices that can significantly... Continue Reading →
Agama Law Associates partner Archana Balasubramanian shares her views on how can the GoAir Airlines case be perceived within India's IBC law framework, in this story titled: “NCLT ruling on Go First application to refund passengers will bring clarity, say lawyers” by moneycontrol.com. Go First Insolvency “This is a plea that doesn’t seem to be within the four corners of the... Continue Reading →
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