The myLaw Blog

Liquidation under the IBC – Order of priority signals shift in economic rationale

Previously in this series, we learnt about the corporate resolution insolvency process (“CIRP”) under the Insolvency and Bankruptcy Code, 2016 (“IBC”). We can now turn our attention to what happens if the CIRP...

Stakeholders other than financial creditors – how are they protected under the insolvency and bankruptcy law?

We have already seen how the Insolvency and Bankruptcy Code, 2016 (“IBC”) distinguishes between the financial and other creditors of a corporate debtor. Apart from these creditors (some of whom may not be...

NDPS Act reverses burden of proof and confers wide search and seizure powers

To control the production, dissemination, and use of drugs and psychotropic substances, the Narcotic Drugs and Psychotropic Substances Act, 1985 (“NDPS Act“) criminalises any such activity that is...

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