The four pillars envisaged under the Insolvency and Bankruptcy Code, 2016, are now in place:
- A regulator, the Insolvency and Bankruptcy Board of India (IBBI);
- Adjudicating authorities (AA), the National Company Law Tribunal (NCLT) and debt recovery tribunals (DRTs);
- Information utilities (IUs); and
- Insolvency professionals (IPs).
Of counsel
SNG & Partners
These four pillars are required for the resolution and insolvency process under the code.
In order to create the information infrastructure needed to effectively pursue the essence of the code, the NCLT granted registration to National e-Governance Services Limited (NeSL) under section 210 of the code, to render services as an IU, including core services as defined under section 3(9) of the code. NeSL is a step towards providing authentic information to the parties concerned and the AA to ensure sound and time-bound completion of the insolvency and bankruptcy process.
SNG & Partners has offices in Delhi, Mumbai, Singapore and Doha. Rahul Sud is an of counsel. Satish Anand Sharma is a senior associate and a qualified insolvency professional.
One Bazaar Lane, Bengali Market
New Delhi – 110001
India
Contact details:
Tel: +91 11 4358 2000
Fax: +91 11 4358 2033
Email: info@sngpartners.in
Website: www.sngpartners.in
