The Insolvency and Bankruptcy Code, 2016 (IBC) is the newly introduced bankruptcy law of India that seeks to consolidate the previous prevailing frameworks for business restructuring. Its meant to take prudent enterprise risk taking by creating a single law for insolvency and bankruptcy. The bankruptcy code meant to be one-stop solution for resolving insolvencies which previously was a long process that did not offer an economically viable arrangement. The code aims to protect the interests of small investors and make the process of doing business less cumbersome.
Given the law is relatively new in nature and the nature of business environment is disruptive and dynamic, there are frequent changes to the nuances of Insolvency and Bankruptcy Code with the latest Amendments pertaining to Insolvency and Bankruptcy Board of India (Liquidation Process) (Amendment) Regulations, 2020 and Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) (Amendment) Regulations, 2020 and evolving framework which is emerging on Indian business scene.
With a dedicated team of experts ranging from Lawyers, Accountants, Company Secretaries and Management Consultants to understand, keep track of changes in both the regulatory framework and business environment with respect to Resolution Practices, we approach this area with one of the most prepared teams to handle any resolution and ensure value preservation.
Our experience with the Banking Sector for the last 50 years and experts in 10 cities (Economic clusters) of India helps to assist our clients in preventive as well as stressful situations.