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.
Associate Company through the eyes of IBC & Companies Act
Many terms and phrases that appear in the Insolvency & Bankruptcy Code 2016 require a thorough examination to understand them in their entirety. One such term is an ‘Associate Company’. A section of the code where this phrase matters immensely...
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...
Companies Undergoing Insolvency: Stricter Norms from SEBI
The Insolvency and Bankruptcy Code (IBC), 2016 seeks to consolidate the existing framework by creating a single law for insolvency and bankruptcy. The Corporate Insolvency Resolution Process (CIRP), detailed in Chapter II of the IBC, is the process through which...
Definition of Connected Person
Of the many terms used in the Insolvency and Bankruptcy Code (IBC), 2016, the term ‘connected person’ often finds its scope blurred around the edges. However, it is touted as one of the most important terms used in Section 29A...