Concept of recession-proof Firms plan to be resistant to downturns and remain stable during extreme financial times. To do this, they utilize a few procedures. In the first place, they enhance their items or administration so they’re not excessively subject to one area of business. This implies assuming one piece of their business dials back, […]
INTRODUCTION Many creditors, whether operational or financial, may file an application for initiation of the corporate insolvency resolution process before the adjudicating authority, which is NCLT. The Insolvency and Bankruptcy Code, 2016. Thus, it became of utmost importance to introduce the withdrawal process as well to strengthen the objective of the Code. Through a landmark […]
INTRODUCTION As a result of the National Company Law Appellate Tribunal’s decision to establish a “Joint Corporate Insolvency Resolution Process” under the Insolvency and Bankruptcy Code (IBC), Jet Airways became the first Indian company to experience cross-border insolvency in 2019. This marked a significant milestone for the nation’s developing insolvency law. The pivotal issue concerns the […]