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IBC Brief-January and February, 2021

The Ministry of Corporate Affairs invited comments from the public on the proposal for pre-pack insolvency resolution. This mechanism is intended to be debtor-in-control instead of the creditor-driven process under the IBC at present. Our partner, Ms. Mani Gupta commented on this development in this article for Global Restructuring Review.
Should the Swiss challenge method of auction be permitted? The Delhi High Court has asked the IBBI to…