Tranzission Blogs
328articlesInsights and guides on tax, compliance, and business strategy from Tranzission.
Impact of Sustainability on Business Recovery
Nowadays businesses must be more mindful of the impact they have on the environment, society, and the economy. The concept of ‘Sustainability on Business Recovery’ is not limited to reporting compliance, but also extends to the resilience of the business. Hence, businesses that prioritise Sustainability on Business Recovery can enhance its reputation and build trust […]
Read moreRole of IBC in SME Restructuring
The Insolvency and Bankruptcy Code, 2016 (IBC) provides a comprehensive framework for resolving the financial struggles of companies. Micro, Small, and Medium Enterprises (MSMEs) have unique challenges when facing financial distress which can be addressed under the IBC in SME Restructuring. There are specific provisions tailored for the resolution process of MSMEs. This article explores […]
Read moreReplacement of a Liquidator under the IBC
As per the Insolvency and Bankruptcy Board of India (Liquidation Process) (Second Amendment) Regulations, 2016, the IBBI introduced an amendment which allowed the Stakeholders’ Consultation Committee (SCC) to propose the Replacement of a Liquidator and file an application with the Adjudicating Authority, the National Company Law Tribunal (NCLT). Legal Framework for Liquidator Replacement Under IBC […]
Read moreRole of NBFCs in the Insolvency Process
Non-Banking Financial Companies (NBFCs) are financial institutions that provide financial services like lending, leasing, and insurance, but they do not have a full banking license. They operate without the full regulatory oversight of a bank, offering a range of financial products and services similar to banks but without accepting deposits from the general public. Similar […]
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The Role of the Monitoring Committee
The Insolvency and Bankruptcy Board of India (IBBI) had on 19th November 2024 issued a discussion paper on the Role of the Monitoring Committee under CIRP. highlighting the need to strengthen the regulatory framework governing Role of the Monitoring Committee under the Insolvency and Bankruptcy Code, 2016 (IBC). This paper elaborated on the duties and […]
Read moreRole of Independent Valuation in Maintaining Stakeholder Trust
There are several stakeholders involved in the insolvency proceedings, the corporate debtor, its creditors, insolvency professionals, etc. When Role of Independent Valuation in stakeholders have confidence in the proceedings under the Insolvency and Bankruptcy Code, 2016 (IBC) is necessary for consistent, transparency communication, and demonstrating shared values is crucial for strong relationships. Building trust will […]
Read moreSummarising IBC Amendments of 2024
The Insolvency and Bankruptcy Code, 2016 (IBC) aims to replace the patchwork of previous insolvency laws with a single, unified framework. Since 2016, Summarising IBC Amendments of 2024 and its rules or regulations primarily focused on streamlining processes, particularly in liquidation, increasing accountability, and addressing issues related to financial service providers (FSPs) and insolvency professional […]
Read moreHow to Become an Insolvency Professional
Become an Insolvency Professional in India is a structured and rigorous process, involving several steps that test the candidate’s knowledge, ethical standards, and practical abilities. This document provides a comprehensive guide on how to navigate these steps and establish a career as a certified insolvency professional. Who is an Insolvency Professional? IPs are experts who […]
Read moreBankruptcy Under IBC: Advantages and Disadvantages
Individuals and businesses facing financial distress need to make a well-informed decision of whether to undergo bankruptcy proceedings under the Insolvency and Bankruptcy Code, 2016 (hereon forward known as “the IBC”). Knowing the potential Bankruptcy Under IBC Advantages and Disadvantages is important to understand whether it is the right option for you. What Is Bankruptcy? […]
Read moreRole of ESG in Corporate Governance
Companies are now evaluated on their environmental impact, social responsibility, and governance practices, and not just their financial performance. Therefore, they are facing pressure from investors to improve these factors, leading to increased focus on sustainability initiatives, reporting, and transparency to attract capital. In India, there is a need for detailed mechanisms specifically on ESG […]
Read moreKey Challenges in CIRP for Infrastructure Sectors
The issue of economic downturns that impact the financial situation of different industries, such as construction companies, cannot be ignored due to their contribution to the overall economy in India. Their delayed payments severely affect the cash flow disruptions, particularly in large corporations. The current insolvency framework in India may not address the distinctive obstacles […]
Read moreWhat you need to know about insolvency and the healthcare sector
Insolvency leads to insolvency proceedings under the Insolvency and Bankruptcy, Code, 2016, and legal action is taken against the insolvent person or entity. For the insolvency and the healthcare sectorcauses many issues other than financial and legal challenges. Knowing about insolvency allows stakeholders to identify early warning signs, implement restructuring strategies, and protect patient access […]
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