The Vidhi Handbook on the IBC
A collection of legal materials on the Insolvency and Bankruptcy Code, 2016
This handbook is structured as a collection of legal materials on the Insolvency and Bankruptcy Code, 2016. It contains the following basic materials on the corporate insolvency resolution process:
- A brief introduction to the process
- Provisions of the Code, Rules, Regulations, Circulars, and Guidelines (including a Supplement incorporating amendments to the Code and Regulations up to July 2019)
- Legislative background, extracts from select case law and a chart summarising the process
These materials are interspersed with basic commentary at appropriate places for making the content accessible. The arrangement of elements, along with the design features, makes this handbook a unique learning product for anyone interested in understanding the resolution process under the Code. Practitioners will also find it useful.
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About the Authors
Debanshu is one of Vidhi’s Co-Founders. He has over a decade of experience in commercial laws and the financial sector and has advised the Government of India on several legislative projects in this space. He was instrumental in advising the Government on the design and drafting of the Insolvency and Bankruptcy Code and its subsequent implementation. He has developed and curated Vidhi’s work on insolvency law, corporate law, financial regulation, and competition law and conceptualized its Bankruptcy Research Program. He has served as a member of a Government-appointed committee for operationalizing the National Company Law Tribunal and deposed before two Parliamentary committees examining financial sector legislation. He has also worked as a teaching fellow at Harvard Law School. He is an alumnus of the Harvard Law School, the University of Oxford, and Hidayatullah National Law University. He attended Harvard as a Fulbright Scholar and was awarded the Irving Oberman Memorial Prize in Bankruptcy and the Dean’s scholar prize in Corporations. He was also awarded a Distinction for his graduate studies at Oxford. In 2017, he was selected for NYU School of Law’s Hauser Global Scholarship, which he waived. His academic work has been published in peer-reviewed journals and an edited book published by Cambridge University Press, New York. He has been consulted by and mentioned in global business publications, such as IFR Asia and The Economist. Earlier, Debanshu practiced as an M&A and regulatory lawyer with AZB & Partners at its Mumbai and New Delhi offices.
Shreya was a Research Fellow at Vidhi.