Fraudulent Initiation of Insolvency Resolution Process
A. Introduction: Fraud vitiates all. Is this well settled principle of law, however, applicable to the Insolvency and Bankruptcy Code, 2016 (“Code”) particularly in cases of insolvency resolution processes (“CIRP/CIRPs”) which have been initiated fraudulently? The Code was brought into force with the intention of protecting the interests of financial institutions, lenders and other creditorsRead More
Covid 19: Can Force Majeure Be Invoked Under My Contract?
A. Introduction: The outbreak of the Novel Coronavirus Disease (COVID-19) into a global pandemic corona virus and the subsequent governmental restrictions on movement of people in India by invoking provisions of the Disaster Management Act, 2005 have led to a severe breakdown of commercial activities in India. People have been restricted from going to officeRead More