BANKRUPTCY PROCEEDINGS HALTED: ANY ALTERNATIVE DEBT RESTRUCTURING MECHANISMS?
This post is authored by Aastha Agarwalla, an L.L.B. Candidate at the Campus Law Centre, Faculty of Law, University of Delhi. Prefatory In a bid to provide relief to financially stressed companies on account of the outbreak of the coronavirus pandemic, the Hon’ble President of India promulgated the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2020 (hereinafter "Ordinance”) on June 5, 2020.[i] Pursuant to the enforcement of the Ordinance, the insolvency regime has com