Insolvency Proceedings in Crisis: Understanding the Impact of Extended Timelines
As of September 2023, the insolvency resolution process under the Insolvency and Bankruptcy Code (IBC) has faced significant delays, with timelines stretching far beyond the prescribed limits. This has led to a decrease in the asset value of companies undergoing the resolution process. Since the implementation of the IBC in December 2016, creditors have realized […]
Harmonizing Labour Laws Across India: States Asked to Embrace Centre’s Codes
The Indian government’s push to align state norms with its new labor codes represents a major overhaul of the labor law system. To provide a more detailed understanding, let’s break down the initiative into several key aspects: 1. Background and Overview of the Labor Codes Historical Context: Prior to these reforms, India’s labor laws were […]