Category: Corporate Disputes

Preferential Transactions | Insolvency Code

Corporate Disputes

The Indian market has witnessed a surge in the number of distressed companies being dragged into insolvency. This is on account of past debts or other liabilities owed by the distressed company to its creditors, sureties and/or guarantors (Creditors). The Insolvency and Bankruptcy Code, 2016 (Code) provides the statutory regime for dealing with such insolvent businesses. While dealing with the entire process of insolvency, it also regulates certain types of transactions which could undermine the value of the assets available to Creditors. These transactions are known as ‘avoidable transactions’ i.e., preferential transactions, undervalued transactions, transactions defrauding creditors and extortionate credit transactions. In this article, we will be dealing specifically with ‘Preferential Transactions’.

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Considering Litigation in India | Part VII – Always keep your options open!

Corporate Disputes

A recurring point that we have emphasized in each discussion around commercial litigation is to always keep the end commercial objective in mind. Litigation should always be a means to achieve the desired end objective. In an Indian context, the end objective for most commercial disputes should be to achieve a favorable settlement.

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Considering Litigation in India | Part VI – What happens outside court is just as important!

Corporate Disputes

This aspect of litigation is more critical than what a party may envisage it to be. While engaging in any kind of litigation one must be sensitive to the implication of events that occur outside court. One may not realize, but what transpires outside court could be used by either side to their advantage before

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Considering Litigation in India | Part V – Approaching the correct judicial forum!

Corporate Disputes

Introduction This article is in continuation to the series of earlier articles which deal with various aspects to bear in mind while seeking to litigate in India. In our past articles, we have discussed multiple key facets such as; the need to anticipate and strategize a dispute well in advance, the importance of facts

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Considering Litigation in India | Part IV – Counsels work with facts!

Corporate Disputes

This article is in continuation of the earlier articles that discuss various aspects one must bear in mind while seeking to litigate before courts in India. As outlined in the earlier article, it is imperative for a business to anticipate a dispute well in advance and plan the best approach for it.

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Considering Litigation in India | Part III – Anticipate the dispute & strategize!

Corporate Disputes

This article is a continuation of the earlier articles where we outlined the challenges associated with litigating in India and the considerations that one must bear in mind before getting into a ‘fight’. As recommended in the earlier article, parties to commercial disputes must at all time seek to settle rather than litigate endlessly

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COVID-19 Commercial Disputes: Litigate rarely, negotiate mostly, but settle always!

Corporate Disputes

Have your customers defaulted on payments because of the COVID-19 crisis? Have your business partners avoided contractual obligations because of the lockdown? Are you a lessor who is being asked to waive lease rentals on your premises? Do you think your business is entitled to claim the benefit of a ‘force majeure’

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Considering Litigation in India | Part II – Know yourself and your opponent before picking a fight!

Corporate Disputes

This article is in continuation of the earlier article where we outlined the challenges associated with pursuing a litigation in India. As highlighted in our earlier article, litigating in India can be a time consuming and relatively expensive affair. Anyone planning to engage in commercial litigation in India should utilize litigation only as a means

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Considering Litigation in India | Part I – Beware of what you wish for!

Corporate Disputes

It is a common view among members of the business community that engaging in litigation is a time consuming and distracting exercise. It takes away precious resources from the business and management, which can instead be productively deployed in enhancing business value. But, sometimes litigation is inevitable.

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Doubtful Receivables in India: The Insolvency Code Solution

Corporate Disputes

The Insolvency and Bankruptcy Code, 2016 (Code) was legislated with the intent to resolve the banking crisis that had engulfed the Indian economy. While the Code provides banks and other financial creditors a theoretically faster mechanism to resolve their bad debts, the infrastructural and procedural aspects surrounding the resolution process are leading to delays.

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