[Krrishan Singhania is the Managing Partner at K. Singhania & Co. Srishti Singhania is a Senior Associate at K. Singhania & Co. and Ashuthosh V (trainee) is a IV-year law student at Nirma University. Part 1 of this post is available here] Comparative Analysis The concept of pre-packaged insolvency resolution mechanism is not a new one as it is a huge success in other jurisdictions like...
Indian Insolvency Law and Pre-Pack Insolvency Resolution Process: An Analysis: Part 1
[Krrishan Singhania is the Managing Partner at K. Singhania & Co. Srishti Singhania is a Senior Associate at K. Singhania & Co. and Ashuthosh V (trainee) is a IV-year law student at Nirma University.] The Pre-Packaged Insolvency Resolution Process (“PPIRP”) was introduced in India vide the Insolvency and Bankruptcy (Amendment) Ordinance 2021 that was promulgated on 5 April 2021, through...
Call for Submissions for the Special Issue of NLS Business Law Review
[Announcement on behalf of the NLS Business Law Review] The Board of Editors of the National Law School Business Law Review is pleased to invite original and unpublished manuscripts for the Special Issue of the NLS Business Law Review. About the Institution The National Law School of India University is an institution of legal education focusing on legal and policy education in India at the...
The Beer Cartel Case: A Way Forward for the CCI
[Prashant Kumar is a 4th-year student of Faculty of Law, Jamia Millia Islamia, New Delhi] In an order dated September 24, 2021, the Competition Commission of India found United Breweries Limited (UBL), Carlsberg India Private Limited, SABMiller India Limited, and All India Brewers’ Association (AIBA), along with their respective key personnel (collectively, the Opposite Parties) guilty of...
Call for Papers by Centre for Corporate Research Law Journal (CRLJ) – CCLS
[Announcement on behalf of the Centre for Corporate Law Studies] The Centre for Corporate Law Studies is an initiative of the Institute aimed atinstitutionalizing and channelizing research on corporate and business-related aspects that take place nationally as well as globally. The Centre looks to give a necessary impetus by inculcating an outlook amongst those future corporate professionals to...
Emerging Dispute Resolution Solutions
[Pramod Rao is Group General Counsel, ICICI Bank. This post represents his personal views] Resolving disputes civilly among individuals, or among individuals and enterprises, is a hallmark of a civilized society. Adoption of uniform, standard procedures and processes for dispute resolution provides the required confidence to citizenry, consumers and commercial enterprises that contracts and...
Fortitude Learning: 3 day Online Certificate Course on Mergers and Acquisitions
[Announcement on behalf of Fortitude Learning] This course, being conducted from October 29 to October 31, 2021, seeks to provide the participants with an in-depth knowledge of the growing relevance of Mergers and Acquisitions in India as well as globally. This course is spread over 15-20 hours to provide the participants with a comprehensive understanding of various aspects of Mergers and...
Managing Significant Transactions & Arrangements with Subsidiaries: Part 2
[Himanshu Dubey and Payal Agarwal are with Vinod Kothari & Co. Part 1 is available here] Basis for assessment – standalone or consolidated? Having dealt with the parameter to be considered for various transactions, another question that may arise is whether the total revenues or expenses or assets or liabilities, as the case may be, have to be considered on a standalone basis or on a...
Managing Significant Transactions & Arrangements with Subsidiaries: Part 1
[Himanshu Dubey and Payal Agarwal are with Vinod Kothari & Co.] The seamless flow of information between a holding company and its subsidiaries is imperative for effective governance at the level of a corporate group. Since listed companies in India often function with complex structures with a number of subsidiaries, it is not feasible for the holding company to deliberate upon all the...
Resolving the Conundrum of Decree-holding Homebuyers under the IBC
[Anand Singh is a 3rd-year student of Hidayatullah National Law University (HNLU), Raipur] Section 7 of the Insolvency and Bankruptcy Code, 2016 (“IBC”) allows financial creditors to initiate a corporate insolvency resolution process (“CIRP”) against a corporate debtor. However, whether a decree or recovery certificate holder falls under the said provision has always remained an open question...
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