In an earlier post, we highlighted how admission under Section 9 of the Insolvency and Bankruptcy Code sharply curtails strategic flexibility, marking one of the last points at which promoters can still meaningfully influence outcomes...
In stressed situations, the insolvency process typically unfolds in phases. By the time a company enters the Corporate Insolvency Resolution Process (CIRP), most strategic choices have already been made but often unintentionally. In practice, the...