Restructuring and Insolvency in India: Overview | Practical Law

Restructuring and Insolvency in India: Overview | Practical Law

A Q&A guide to restructuring and insolvency law in India.

Restructuring and Insolvency in India: Overview

Practical Law Country Q&A 6-506-0854 (Approx. 18 pages)

Restructuring and Insolvency in India: Overview

by Shishir Mehta, Kumar Saurabh Singh, Ashwin Bishnoi Rajeev Vidhani, and Rahul Chakraborti, Khaitan & Co
Law stated as at 01 Jan 2022India
A Q&A guide to restructuring and insolvency law in India.
The Q&A gives a high-level overview of the most common forms of security granted over immovable and movable property; creditors' and shareholders' ranking on a company's insolvency; mechanisms to secure unpaid debts; mandatory set-off of mutual debts on insolvency; state support for distressed businesses; rescue and insolvency procedures; stakeholders' roles; liability for an insolvent company's debts; setting aside an insolvent company's pre-insolvency transactions; carrying on business during insolvency; additional finance; multinational cases; and proposals for reform.