Commentaries by Prateek Singh and Ritik Kanoujia

Indian Bankruptcy Reforms Under COVID-19: A Reform for the Privileged?

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Indian Bankruptcy Reforms Under COVID-19: A Reform for the Privileged?

Prateek Singh and Ritik Kanoujia

May 27, 2020 06:00:03 pm

Aggrieved with the present pandemic crisis, the Finance Ministry, as a part of the Prime Minister’s Atmanirbhar Bharat Abhiyaan (Self-Sufficient India Mission), announced several measures to assist the ease of doing business through increasing the minimum threshold for the initiation of insolvency proceedings from Rs 1 Lakh to a whopping Rs 1 Crore. Further, Sections [...]

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