In India, the legal framework governing insolvency and bankruptcy has undergone significant changes with the introduction of the Insolvency and Bankruptcy Code (IBC) in 2016. One of the critical aspects of this framework is the treatment of secured creditors in resolution plans. The ability of resolution plans to extinguish the [...]

Introduction The Insolvency and Bankruptcy Code (IBC); 2016,is an umbrella legislation which has not only consolidated the insolvency laws, but has also reformed the insolvency mechanisms in India by introducing a whole set of insolvency ecosystem constituted by National Company Law Tribunal (NCLT), National Company Law Appellate Tribunal (NCLAT), the [...]