Victorem Legalis LLP

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Section 10 of the Insolvency and Bankruptcy Code: A Guide for Financially Distressed Companies The Insolvency and Bankruptcy Code (IBC), 2016 has brought significant changes to India's insolvency and bankruptcy regime. Section 10 of the code is a crucial provision that empowers corporate debtors to initiate the insolvency resolution process. In this blog post, we will delve into the purpose a...

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Navigating Section 7 of IBC 2016: A Deep Dive into Initiating CIRP The landscape of corporate insolvency in India was markedly reshaped with the introduction of the Insolvency and Bankruptcy Code in 2016. Section 7 of the IBC created a paradigm shift by enabling financial creditors to trigger the insolvency resolution process. But what makes this section so pivotal...

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Unraveling IBC 2016: Sections 1-2 Explained - Applicability of the Code The Insolvency and Bankruptcy Code, 2016 (IBC), is a seminal legislation that overhauls the insolvency and bankruptcy landscape in India. It consolidates and amends the laws relating to reorganization and insolvency resolution of corporate persons, partnership firms, and individuals in a time-bound....

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Comprehensive IBC 2016 Analysis: A Milestone in India's Financial Reform The Insolvency and Bankruptcy Code, 2016 (IBC), marks a significant milestone in India's financial and legal reforms. This Comprehensive IBC 2016 Analysis aims to provide an in-depth look into the genesis, evolution, and impact of the IBC, shedding light on its pivotal role in addressing insolvency....

An In-depth Look at the NCLAT Ruling: Engine Lease Finance B.V vs. Go Airlines (India) Ltd
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NCLAT Ruling: Engine Lease Finance B.V vs. Go Airlines (India) Ltd By: Veenu Drall (Senior Partner) In the ever-evolving landscape of the Indian aviation sector, the recent NCLAT ruling involving Engine Lease Finance B.V and Go Airlines stands out. This post offers a detailed exploration into the background, main content, and broader implications of this significan...

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Happy Independence Day

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Salute to the Heros who have laid their lives for the nation. Salute to the heros who are protecting us at the borders.
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Companies Act 2013 Knowledge Series
Section 6 - Act to Override Memorandum, Articles, Etc.

The Provisions of Companies Act 2013, shall have overriding effect on provisions contained in Memorandum and Articles or in an Agreement or in resolution passed by the company in the general meeting or by its board of directors, whether they are registered, executed or passed before or after the commencement of this act. If any provisions of Memorandum or Articles or in resolutions passed by the company in the general meeting or by its board, shall be void to the extent to which it is inconsistent to the provisions of Companies Act 2013.