Year : 2020, Volume : 2, Issue : 1
First page : ( 107) Last page : ( 112)
Print ISSN : 2582-4627. Online ISSN : 2582-7529. Published online : 2020 February 14.

An analysis of corporate insolvency resolution in india in the wake of COVID-19 Crisis

Manohar Shruthi¹

¹Research Scholar, School of Legal Studies, Cochin University of Science and Technology.

Abstract

The introduction of Insolvency and Bankruptcy Code, 2016 brought a drastic change in the Indian insolvency regime. Just like in any other countries in the World, the unexpected pandemic situation posed various economic issues in our country also. This unprecedented situation has made its impact on the insolvency regime as well. The legislature has come up with ordinances to address the issues surrounding the insolvency regime during this pandemic crisis. The present paper is intended to analyse the issues and problems relating to corporate insolvency resolution in India during the pandemic. The paper seeks to provide an overview of the key issues in this area. The author tries to examine how far the ordinances are effective and tries to bring out the gaps in it. The objective of this paper is to contribute to the understanding, to analyse and critically examine the present position of law and to propose some suggestions in this regard

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Keywords

Corporate Insolvency Resolution, Insolvency and Bankruptcy Code, 2016, Covid-19 crisis, Legal Regime.

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