Introduction Recover Your Money disputes are among the most common legal issues faced by individuals and businesses in India. Whether it is a friendly loan, unpaid salary, business transaction, or dishonoured cheque, recovering money becomes difficult when the opposite party refuses to pay. This article provides a complete, practical, and court-based guide on how to…
Introduction-Liability of Directors In modern corporate India, the board of directors occupies a central role in ensuring that a company complies with its legal and regulatory obligations. We need to understand the Liability of Directors. When a company fails to perform statutory duties or commits defaults, the question arises: to what extent do directors (and…
1. Introduction The Insolvency and Bankruptcy Code, 2016 (IBC) revolutionised India’s insolvency regime by consolidating and amending laws related to reorganisation and insolvency resolution of corporate persons, partnership firms, and individuals.One of the most significant aspects of the Code is the classification of creditors into two categories — Financial Creditors and Operational Creditors.This distinction determines…
1. Introduction The Insolvency and Bankruptcy Code, 2016 (IBC) was introduced to consolidate and amend the laws relating to reorganization and insolvency resolution of corporate persons, partnership firms, and individuals in a time-bound manner. The primary objective of the IBC is to promote entrepreneurship, ensure credit discipline, and maximize the value of assets of corporate…
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