Bloomsbury India Insolvency and Bankruptcy in India Law and Practice February 2020 by Ayush J Rajani and Khushboo Shah Rajani and Alka Adatia
The book covers detailed analysis and intricacies of Insolvency and Bankruptcy Code, 2016. It provides a comprehensive and pragmatic analysis of the Code by giving complete insight and an in-depth perspective of the Insolvency law in India including cross-border insolvency, group insolvency and personal guarantor. It covers insight on grey areas encountered by the Process Advisors in their professional practice. This book is a must-have which will provide interpretative guidance and will be a great support for insolvency law practitioners, insolvency professionals, lawyers, other professionals such as Chartered Accountants, Company Secretaries, Cost Accountants, Corporate Lawyers, Financial Institutions, Bankers & Lenders, Judges & Judicial Officers and students.
• Incorporates the entire Code with commentary alongwith Insolvency and Bankruptcy Rules and IBBI Regulations.
• Provisions of entire Code alongwith Rules and Regulations are explained in lucid manner.
• Provide clarity with purposive meaning to the complex issues and grey areas faced by professionals.
• Includes NCLT Rules, 2016 (as amended by Second Amendment dated 08 May 2019) and NCLAT Rules, 2016.
• Includes landmark decisions of Supreme Courts, High Courts, NCLAT and NCLT on various issues.
• Incorporates draft provisions of Cross-Border Insolvency (“Draft Part Z”) .
– IBBI (Voluntary Liquidation Process) (Amendment) Regulations, 2020 applicable w.e.f 15 January 2020.
– IBBI (Liquidation Process) (Amendment) Regulations, 2020 applicable w.e.f 06 January 2020.
– Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudicating Authority) Rules, 2019 applicable w.e.f. 15 November 2019.
– Covers Personal Guarantor Rules and Regulations applicable w.e.f. 01 December 2019.
– Covers Insolvency and Bankruptcy Code (Amendment) Ordinance, 2019 applicable w.e.f. 28 December 2019.
• Updated upto 1 February 2020.
About the authors
Ayush J. Rajani
Ayush is a Managing Partner of AKR Advisors LLP, Mumbai, in partnership with his wife and co-author, Mrs. Khushboo Shah Rajani (ACA, LLB.).
Ayush is Commerce Graduate and a Fellow Member of the Institute of Chartered Accountants of India, and have over 11 years of professional experience in the field of International Tax and Transfer Pricing. He was associated with Deloitte Haskins & Sells, Mumbai for a period of approx. 8 years as part of their International tax and Transfer Pricing team and subsequently established his own Advisory and Consulting Firm “AKR Advisors LLP”.
He has been actively representing Financial and Operational Creditors as well as the Corporate Debtors before the Hon’ble NCLT, pan India since January 2017. He has advised many Resolution Professionals managing Corporate Insolvency and Resolution Process of some of the Big Ticket Corporate Debtors across India as their “process advisors”. He has been advising the members of CoC on complex matters in a given situation. He is actively involved in restructuring, tax planning and other strategic assignments.
He is a regular speaker at various seminars on the subject, conducted by IIIPI - ICAI and other conferences enlightening the audience comprising of legal practitioners, leading bankers, insolvency professionals and others.