Adarsh Choubey, NMIMS School of Law, Navi Mumbai
In a market economy, the bankruptcy or insolvency environment is a sensitive and lucrative market. Every transaction demonstrates depth and maturity. In India, the insolvency and bankruptcy regime has the same characteristics. Since its inception, the IBC has had five legislative contradictions, dozens of amendments to the regulatory framework, to the regulatory framework to smoothen the codes execution. The Courts and other Adjudicating Authority have all issued significant rulings and judgments addressing various conceptual concerns, resolving controversial matters as well as the grey areas under the code. This paper is an attempt to study those conflict and analyse the resolution given by the court of law.
Keywords: IBC, SARFAESI Act, Companies Act, RERA, Conflict, Insolvency