Tag: insolvency and bankruptcy code

The Joint Lender Devastation

By Ranjeev C DubeyRegulation
When the entire banking industry of a country as large as ours is paralysed to a point where it becomes necessary to empower RBI, the banking regulator, “to issue directions to any banking company(ies) to initiate an insolvency resolution process under the Insolvency and Bankruptcy Code, 2016”, can we agree…

Commercially Sustainable Bankruptcy

By Ranjeev C DubeyCompany Law
Here is another of those Incredible India Ironies. We want you to ‘Make in India’, but if your business model fails, we want you flogged, crucified, drawn and quartered. From the purely entrepreneurial standpoint, India is a harsh medieval society where there exists no practical distinction between business bankruptcy, personal…