Everything You Need to Know About Financial Due Diligence in 2022
Financial due diligence is an enquiry into the financial affairs of a company. It is a deep analysis of a company's historical and forecasted trends to confirm the relevance and veracity of these trends.
Decoding the Position of MSMEs under the Regime of IBC, 2016
For decades, MSMEs (Micro, Small, and Medium Enterprises) have been an undeniably important part of the Indian economy. MSMEs are frequently referred to as the “power engines of the economy” due to their ability to create the most job opportunities...
Ineligible Promoters under the IBC, 2016
Ineligible Promoters under the IBC The Insolvency and Bankruptcy Code, 2016 (IBC) has evolved to facilitate and expedite insolvency resolution. It rectifies and considerably shortens the previously lengthy process which offered no economically viable solutions. The revised Code intends to...
Anti-Money Laundering Legislation in India – The Price of PayPal’s Non-Compliance
PayPal, which began India operations in November 2017, has been hit by Rs. 96 Lakh penalty by the Financial Intelligence Unit (FIU) for alleged contravention of the anti-money laundering law and accused of ‘concealing’ suspect financial transactions and abetting “disintegration”...
Related Party – Definition and Concept
The term Related Party is given under Section 5(24) of the Insolvency and Bankruptcy Code, 2016. The Code describes it as a commutative relationship between the related party and the corporate debtor. Earlier, there was no definition regarding Related Party...
Debt Recovery & Insolvency: A Guide to Resolution in 2020
Importance of Debt Recovery Tribunals (DRTs) Insolvency describes a situation when an individual, company, or any other organization is unable to fulfill the financial obligations arising from a transaction. Bankruptcy is different from insolvency as it is a determination...
Arbitration of Insolvency Disputes: A Case Study of Indus Biotech Private Ltd. Vs. Kotak India Venture Fund-I
Introduction Insolvency Disputes The National Company Law Tribunal (“NCLT”) Mumbai Bench, on 9th June 2020 pronounced its decision in the case of Indus Biotech Private Limited vs. Kotak India Venture Fund-I . NCLT, while dismissing the petition filed under Section...