Changes to Insolvency & Bankruptcy Act – COVID-19

Changes to Insolvency & Bankruptcy Act - COVID-19 Insolvency and Bankruptcy Bill was passed in the Lok Sabha in 2016 bringing into effect the Insolvency and Bankruptcy Code, 2016 [hereinafter referred as “The Code”]. The insolvency and bankruptcy mechanism which…

NCLT Rules – Reduction of Share Capital

NCLT Rules - Reduction of Share Capital The Government of India (GoI) introduced the National Company Law Tribunal (NCLT) Rules regarding the reduction of share capital. The need for the reduction of the share capital arises when there is a…