The preliminary challenge in investing in companies already under insolvency proceedings is - reversal of the order by appellate authority viz. NCLAT or the Supreme Court, explains Ashish Parwani, Partner, Rajani Associates.
Tag: NCLAT
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Simplifying Corporate Adjudication
The establishment of a National Company Law Tribunal (NCLT) and its Appellate Tribunal (NCLAT) will provide for an efficient, timely and one stop-shop dispute resolution mechanism, preventing fragmentation of disputes relating to companies before multiple forums.
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Insolvency and bankruptcy code: Resolving the NPA crisis
The one thing, which is commonly heard in the corridors of the financial world, is the looming concern as regards the huge NPA that banks are currently saddled with. Long drawn processes pertaining to insolvency has taken a toll on the credit realization in the country.