INTRODUCTION Given the current economic condition, borrowers are experiencing decline in income and cash flows. As a result, several borrowers are seeking to cut back written agreement, money outlays, the foremost common being debt payments. Refinancing and restructuring are two separate processes however, they usually invoke a similar image that of a desperate company…
A Limited Liability Partnership (herein after referred as “LLP”) is a form of business that offers the combined features of ‘partnership’ and ‘company’ business structures. LLP derives its authority from…
Insolvency and Bankruptcy laws were initiated in India to simplify the business procedures. This law has streamlined the winding up process of business organizations, which was prior divided because of complexity…
Facts On 15.12.2017, the Hon'ble Supreme Court delivered a landmark judgment in Macquarie Bank Ltd vs Shilpi Cables, Civil appeal 15135, on whether section 9(3)(c) of the Insolvency and Bankruptcy…
The bill comes as an amendment to not only the Companies Act 2013 but also an amendment to the Companies Amendment Bill 2019. This is the 4th amendment bill after the…
What are Merger and Acquisitions? Merger and acquisition are defined as the consolidation of companies, merger is the combination of two companies to form one entity. Whereas acquisition is one…
INTRODUCTION One Time Settlement, or OTS is an agreement wherein the defaulting debtor agrees to pay only a segment of the dues owed, in order to prevent initiation of legal…
INTRODUCTION With the opening of global market and opening of markets to ensure a free trade between different nation, we saw the rise of a new world, where not the…