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 By bare perusal of explanation of Section 447 mentioned in the Companies Act, a broad definition of fraud is reflected which demonstrated that., (i) fraud‖ in relation to affairs of a company or any body corporate, includes any act, omission, concealment of any fact or abuse of position committed [...]
Third-party funding (TPF) refers to an arrangement between a litigant and independent third party for financing the dispute resolution process, wherein it is mutually agreed that in an event of success, the third-party would get a share of the monetary award or damages received by the litigant, out of the [...]
INTRODUCTION An innovative idea realises its potential as long as it is executed effectively and is backed by the requisite amount of capital. Support with respect to financing is an unparalleled challenge confronted by the startups on their journey to success.Amongst the various available funding resources, including banks and other [...]
Introduction In this prevalent dynamic startup landscape,there are a plethora of opportunities available with respect to the support to be provided for growth and success of startups, among these, the two avenues which stand out and are widely relied upon are ‘incubators’ and ‘accelerators. They offer invaluable support to 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 [...]
INTRODUCTION The startups culture has established a prominent reputation globally for its contributions to the growth and development of a countrybe it in terms of innovation, introduction of new products or services, generating employment, driving economic growth, etc. However, in relation to establishing a startup, as basic as it might [...]