Things to Know about Insolvency & New Insolvency Resolution Process What is Insolvency? Insolvency occurs when an individual or company is unable to satisfy its financial obligations to its creditors as debts become due. It can happen even if the company’s liabilities surpass its assets. In most cases, the Liquidation Value of the stressed asset …
Principles of Preferential Transactions & Speeding Up Insolvency Proceedings When insolvency proceedings are initiated, it became important to stop all distressed companies from making any decisions that could hamper creditors (regarding their recovery). This is important in any context for the success of insolvency proceedings under any regime. For the Indian subcontinent, there is a …
CABINET APPROVES REAL ESTATE (REGULATION AND DEVELOPMENT) BILL, 2015 The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the Real Estate (Regulation and Development) Bill, 2015, as reported by the Select Committee of Rajya Sabha. The Bill will now be taken up for consideration and passing by the Parliament. The Real …
SPECIFIC POLICY FOR SUPPLY CONTRACTS The Standard Policy is a whole turnover policy designed to provide a continuing insurance for the regular flow of an exporter’s shipments for which credit period does not exceed 180 days. Contracts for export of capital goods or turnkey projects or construction works or rendering services abroad are not of …
FEDERAL OR UNITARY/CHARACTERISTICS OF INDIAN CONSTITUTION It has been the matter of debate among the scholars that whether the constitution of India is completely federal or unitary in nature. But actually Indian constitution contains both features of a federal constitution and unitary constitution. But for the very clear picture of this conclusion first of all …