companies actInsolvency & BankruptcyAlternatives to I&B Code for Restructuring under Section 230 of The Companies Act, 2013
INTRODUCTION In a press conference conducted on May 17, 2020 by Finance Minister Nirmala Sitharaman, it was stated that the COVID-19 related debts shall not form part of the default under the Insolvency and Bankruptcy Code, 2016 (I&B Code). Further, by proposing Section 10A, it was stated that there shall be no fresh initiation of...