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Haircut”, “Insolvency” and “Personal Guarantor”: Understanding the Word Salad Around the Subhash Chandra Case

The procedure under the IBC takes shape when a company/borrower fails to clear its debt. In this case, the creditor approaches the National Company Law Tribunal (NCLT) to initiate the ‘insolvency proceedings.’ In simple terms, Insolvency refers to the state of being unable to pay one’s debt.  At first, a ‘demand notice’ under section 8…

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Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…