8 Key Risk Indicators for all Litigation Checks
There’s a wealth of insightful information you can obtain from litigation data in understanding the credibility of your vendors and suppliers. It’s crucial to look for key risk indicators that you can parse from the available data. Here are some...
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...
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...
What is Section 29A of IBC?
Insolvency laws were at the nascent stage in India, when the Parliament enacted a legislation named as Insolvency and Bankruptcy Code, 2016. It aimed to protect the interest of a person/company on insolvency/bankruptcy and for improving ease of doing business...
5 Due Diligence Checks You Must Execute on your Vendors and Partners
Important Due Diligence Checks Bad partners, vendors, and suppliers can land you in messy litigations and cause painful financial and reputation losses. Bad counterparties cost you valuable time and money limiting your growth and diluting your focus. Vendor due diligence...