The sub-committee of Insolvency Law Committee (ILC) of the Ministry of Corporate Affairs, Government of India (MCA) in its report dated October 31, 2020 has proposed the framework for the pre-pack and prearranged insolvency resolution process which the Government may adopt...

Analysis of the Condonation of Delay Scheme, 2018 of the Ministry of Corporate Affairs  The Scheme is by way of a General Circular No.16/2017 dated 29 December 2017. It is in exercises of powers u/Ss. 403, 459 and 460 of the...

Ministry of Corporate Affairs has issued three notifications dated 01 June 2016 (attached) for setting up of National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT) as well as notifying various sections of the Companies Act 2013 (which...

The Insolvency and Bankruptcy Code, 2016 In 1999, the Justice Eradi Committee, in its report, had identified 473 winding-up cases that were pending for more than 25 years. The analysis of companies under liquidation as on October 31, 2015, furnished by...