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MBL Infrastructures and the ‘Rights’ of Bidders

On the status of bidders in the CIRP.

Aditya Bapat 2022-03-15T15:43:48+05:30 March 15th, 2022|Insolvency and Bankruptcy Code|Comments Off on MBL Infrastructures and the ‘Rights’ of Bidders
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Ebix Singapore and the IBC’s Failings

A new Supreme Court judgment shows that the IBC process is displaying symptoms of atrophy.

Aditya Bapat 2021-09-28T14:18:08+05:30 September 28th, 2021|Insolvency and Bankruptcy Code|Comments Off on Ebix Singapore and the IBC’s Failings
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Finally – The Government Moves Towards Enacting The Model Law On Cross-Border Insolvency

After being told to do so for decades, the Government has finally decided that it is time for India to adopt the UNCITRAL Model Law on Cross-Border Insolvency.

Aditya Bapat 2021-01-11T17:38:56+05:30 July 19th, 2018|Insolvency and Bankruptcy Code|Comments Off on Finally – The Government Moves Towards Enacting The Model Law On Cross-Border Insolvency
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On Premature Withdrawals

The Insolvency Code finally allows applications to be withdrawn. My take on what this entails.

Aditya Bapat 2021-01-11T17:40:10+05:30 June 19th, 2018|Insolvency and Bankruptcy Code|1 Comment
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Hitting the Highlights of the Spanking New Amendments to the IBC

The Insolvency and Bankruptcy Code just got a facelift. It's partly botched, but we can't expect better than this.

Aditya Bapat 2021-01-11T17:42:43+05:30 June 12th, 2018|Insolvency and Bankruptcy Code|Comments Off on Hitting the Highlights of the Spanking New Amendments to the IBC
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What Do We Do With a Winning Bidder? A Proposed Solution to the Binani Cement Mess

An attempt to resolve the questions posed by Ultratech's tenacious pursuit of Binani Cement in complete defiance of the CoC's decision to declare Dalmia Bharat as the winning bidder.

Aditya Bapat 2021-01-11T17:43:25+05:30 May 24th, 2018|Insolvency and Bankruptcy Code|Comments Off on What Do We Do With a Winning Bidder? A Proposed Solution to the Binani Cement Mess
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The Three Goals of the Insolvency and Bankruptcy Code

The Insolvency and Bankruptcy Code was drafted with three definite goals in mind. Here they are.

Aditya Bapat 2021-01-11T17:48:48+05:30 April 18th, 2018|Insolvency and Bankruptcy Code|Comments Off on The Three Goals of the Insolvency and Bankruptcy Code
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Section 29A – the Insolvency Code’s Penguin-Sized Mistake

The recent amendments suggested to Section 29A hide a simple truth, that 29A has no place in the Insolvency Code, and its continuing presence is like that of Mumbai's imported Humboldt penguins: a headache, expensive and wholly unnecessary..

Aditya Bapat 2021-01-11T17:51:11+05:30 April 10th, 2018|Insolvency and Bankruptcy Code|Comments Off on Section 29A – the Insolvency Code’s Penguin-Sized Mistake
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The Indefensible Protection of Guarantors

Two recent judgments shine a spotlight on a tricky issue: does the moratorium period under the IBC protect guarantors?

Aditya Bapat 2021-01-11T17:55:31+05:30 March 27th, 2018|Insolvency and Bankruptcy Code|Comments Off on The Indefensible Protection of Guarantors
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The Binani Cement Battle – What Good Fun

Corporate warfare galore.

Aditya Bapat 2021-01-11T17:57:12+05:30 March 25th, 2018|Insolvency and Bankruptcy Code|Comments Off on The Binani Cement Battle – What Good Fun
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