When Zero Hour Strikes: The Insolvency And Bankruptcy Code As An Exit Mechanism

The Insolvency and Bankruptcy Code, 2016 (“Code”) caused a magnanimous shift in the field of insolvency and bankruptcy laws in India. The Code has transformed the insolvency regime from a “debtor in possession” to a “creditor in control” one, providing major control to the financial and operational creditors of a corporate debtor in an insolvency […]