Introduction Taking money from the allottees of the real estate project is a common phenomenon. Further, this money is used by the developers for construction purposes. This is a true fact that sometimes developers take money from the allottees but do not fulfil the promise at their end. One option that can be availed of […]
INTRODUCTION It’s very common to hear the news about companies, industries, or firms going bankrupt. The companies go bankrupt for various reasons, like poor decision-making, non-repayment of debt, increased competition, disputes with creditors or other members of the company, etc. These businesses not only severely damage themselves, but they also affect a large number of […]
The pandemic and economic downturn have affected companies initiating insolvency proceedings under the India Bankruptcy Code (IBC) in various ways: • Increase in Insolvency Cases: Companies are struggling to meet their financial obligations, leading to corporate insolvency. It refers to a situation where a company is unable to meet its financial obligations. • Operational Challenges: […]