Getting the Deal Through: Franchise 2018

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By: Sharanya Ranga, Laxmi Joshi and Aditi Rani

Advaya Legal contributed to the India chapter of Getting the Deal Through: Franchise 2018.

Read here: https://gettingthedealthrough.com/area/14/jurisdiction/13/franchise-2018-india/

Getting the Deal Through: Construction 2018

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By: Ramesh Vaidyanathan, Laxmi Joshi and Probal Bose

Advaya Legal contributed to the India chapter of Getting the Deal Through: Construction 2018.

Read here: https://gettingthedealthrough.com/area/7/jurisdiction/13/construction-2018-india/

State of play in insolvency and bankruptcy reforms

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By: Ramesh Vaidyanathan

The Insolvency and Bankruptcy Code, 2016 (Code) was enacted with the primary objective of consolidating and amending various laws relating to reorganisation and insolvency resolution of corporates, firms and individuals in a time bound manner to maximise the value of their assets. Before the Code, there was no single law dealing with insolvency and bankruptcy in India. As a result, multiple authorities such as the high courts, the Company Law Board, the Board for Industrial and Financial Reconstruction (BIFR) and the Debt Recovery Tribunals (DRT) had overlapping jurisdiction resulting in procedural delays and inefficient processes.