Taxmann's Analysis | Rainbow Papers v. Raman Ispat – The Puzzling Paradox of Legal Priorities
Download or Read eBook Taxmann's Analysis | Rainbow Papers v. Raman Ispat – The Puzzling Paradox of Legal Priorities PDF written by Taxmann and published by Taxmann Publications Private Limited. This book was released on 2023-11-07 with total page 12 pages. Available in PDF, EPUB and Kindle.
Author | : Taxmann |
Publisher | : Taxmann Publications Private Limited |
Total Pages | : 12 |
Release | : 2023-11-07 |
ISBN-10 | : |
ISBN-13 | : |
Rating | : 4/5 ( Downloads) |
Book Synopsis Taxmann's Analysis | Rainbow Papers v. Raman Ispat – The Puzzling Paradox of Legal Priorities by : Taxmann
Book excerpt: The Insolvency and Bankruptcy Code (IBC) is a pivotal piece of legislation in India aimed at streamlining and modernizing the country's insolvency and bankruptcy procedures. This article discusses the following: ‣ Two Significant Supreme Court rulings ‣ Provisions related to the waterfall mechanism ‣ Grounds on which the Supreme Court rejected the Rainbow Decision ‣ Discussion paper proposing amendments to the IBC to establish a more equitable distribution scheme through a separate waterfall mechanism