Introduction: Bought and Sold Agreement is a contract that is legally binding and specifies how the shares of the partner in a business may be redistributed in case of demise or otherwise leaves the business. It is more commonly known as Buy-Sell Agreement. In most circumstances, it deals with the Read more…
Introduction: The world is facing a huge loss of lives. During amid coronavirus or COVID-19 people are facing huge levels of anxiety, stress and fear. Millions of people lost their jobs, millions are getting their pay cut. So many people lost their homes. So many could not able to feed Read more…
Introduction: Insolvency is when an individual or an organisation owes more debt than the assets they have and is not able to pay back its creditors. A bankruptcy, on the other hand, is when an individual or an organisation is insolvent and seeks help from the government to resolve its Read more…
The global pandemic is incessant and proven to be a fatal one. The worldwide COVID-19 pandemic and its weighty lockdown are having an economic ripple influence on the economic activities of Indian residents. In the battle against COVID-19, the organizations ceased, disrupting the performance of agreements and payments. This turns Read more…
Introduction: The year 2020 brought a new pandemic to the human history the COVID- 19. It can be transmitted through touch. Therefore has spread in a lot faster way because of the globalized world that we live in. The lockdowns that are in place to reduce the spread has led Read more…
Introduction Insolvency and bankruptcy code, 2016 initially received the assent of the president on 28 May 2016, when it was drafted it had 255 sections and 11 schedules. But over the period of time changes have been made via the Insolvency and Bankruptcy Code (Amendment) ordinance, 2019 and now recently Read more…
Introduction Insolvency is a term for an organization or individual, who fails to meet its financial obligation to its lenders as debts become due. It is simply a state of being unable to pay the money owed, by a person or a company on time; those in a state of Read more…
Introduction The country is facing a humanitarian as well as an economic crisis due to the onset of the Covid-19 Pandemic at an unprecedented level, bringing all the activities of natural course at a complete halt. The economic, political, and social activities are completely suspended due to the total lockdown Read more…
Introduction: The Union Cabinet on 28th December 2019 promulgated the Insolvency and Bankruptcy (Amendment) Ordinance, 2019. The idea carrying the enactment of the Insolvency and Bankruptcy Code, 2016 (hereinafter referred to as code) is maximization of value assets by ensuring a time-bound insolvency proceeding and further protection of the value Read more…