Corporate Insolvency The Road to Viksit Bharat (Law, Policy and Practice)

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Description
Insolvency law is widely regarded as a difficult subject. Although, this reputation is not entirely justified, there are generally two principal difficulties to gaining an overall understanding of the insolvency law. First, the provisions of an insolvency law are highly interrelated with many other equally complex commercial laws that operate in the ecosystem around it. A real grasp of insolvency law is thus, possible only when there is a deeper familiarity of the entire framework of insolvency. Second, in many respects, insolvency is primarily about procedures governed by the rules and best practices. In fact, the insolvency law is mainly a rule-based law with substantive provisions of law being heavily dependent on the rules for their implementation. The design of the procedural rules plays a critical role in determining how roles are to be allocated between the various participants, in particular, in terms of the decision-making.
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Content
Part I (Pre-2014) - PAST: INDIA’S TRYST WITH REFORMS
Part II (2014 – 2024) - PRESENT: THE IBC AND ITS FOOTPRINTS
Section A - Institutional Framework
Section B - Institutional Framework
Section C - Pre-Pack Insolvency Resolution ProcessSection D - Liquidation
Section E - Insolvency of Financial Institutions
Section F - Insolvency Process of Individuals
Part III (2024–2047) - FUTURE: INDIA AS A GLOBAL INSOLVENCY HUB
Part IV - THE SUMMARY
APPENDICES
Subject Index
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Author Details
Sumant Batra
A lawyer of international repute, social commentator and thought leader, Sumant is a multi-faceted person with accomplishments in diverse spheres. A policy lawyer of global eminence in the field of insolvency and secured transactions, Sumant is the Past President of INSOL International and has held leadership position in many prestigious multi-lateral, global and national organisations. As a senior international consultant to the World Bank Group, IMF, OECD and other development institutions, he has worked extensively on policy matters in Africa, Eastern Europe, Middle East and South Asia. Rated as India's No. 1 insolvency lawyer by Legal 500 for many consecutive years, Sumant currently heads the insolvency and secured transactions practice at Kesar Dass B. & Associates, a leading Indian law firm founded by him in 1993.
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