• After the Supreme Court ruled that the Committee of Creditors had all the rights to decide on the distribution of funds realised from the sale of insolvent assets and that the adjudicating authorities could not change the approved resolution plan, ArcelorMittal, in partnership with Japan’s Nippon Steel, will pay Rs 42,000 crores to the financial […]

  • Once again, the conversation around arbitration in India remained focused on the 2019 amendment. Would it lead to a complete exclusion of foreign arbitrators? Does the exception in Section 42A for the confidentiality of arbitration proceedings ignore several other circumstances that would require the disclosure of proceedings? A pragmatic interpretation of the newly incorporated provision would be that […]

  • We hope that all of you had a peaceful festive season with family and friends There has been some pushback recently to the IBC amendment that elevated homebuyers to the status of financial creditors and the Supreme Court judgment that upheld it. The Economic Times has argued that individual homeowners should not be allowed to initiate bankruptcy proceedings. These proceedings […]