Insolvency & Bankruptcy Laws: National & International Perspectives

Insolvency and Bankruptcy Laws was conceptualized as a collaborative effort and joint publication of the Gujarat National Law University and Insolvency and Bankruptcy Board of India to provide different perspectives on the insolvency and bankruptcy law and practice in India and abroad. It intends to provide an understanding of the change in the insolvency and bankruptcy law while maintaining pace with the international standard. It is an attempt to understand the current practice of the insolvency law in India, problems encountered in its functioning, practices to be adopted from foreign jurisdictions and address any outstanding concerns. The coalition of collaborators is diverse and involves four sets of stakeholders—legal practitioners, academicians, regulators and research scholars—and their contribution to the growing debate surrounding the Insolvency and Bankruptcy Code, 2016 (IBC). The focus of the book is the IBC without being strictly confined to its study. The national section covers the history of the IBC and its functioning, judicial trends in the implementation and practice of the IBC, interplay of the IBC with other Indian laws, and emerging issues within the insolvency law. The international section provides a holistic view of the practice of insolvency across different regions. The book is a consolidated piece of work, essential for an understanding of the IBC addressing as it does the major issues concerning insolvency and bankruptcy laws while compartmentalizing India’s position against the trend abroad.