Description

In this issue of nota bene, AQUILAW presents an insightful update on the evolving landscape of group insolvency frameworks in India. With recent cases like Videocon, IL&FS, and Edelweiss highlighting the urgent need for a structured approach, our article delves into the key developments, proposed reforms, and global perspectives shaping insolvency mechanisms for interconnected entities.

We explore how the Insolvency and Bankruptcy Board of India’s (IBBI) proposed amendments aim to streamline processes, enhance creditor recovery, and balance business continuity with legal and administrative efficiency. The article also provides a comparative analysis of global insolvency frameworks, including insights from UNCITRAL, the U.S., Australia, and New Zealand.